DWS is preparing an Xtrackers ETF that would invest in companies seen as leaders in addressing climate change in their businesses.
Late last week the company filed a prospectus for the Xtrackers MSCI USA Climate Action Equity ETF, which would focus on large- and mid-cap companies. The index targets 50% coverage of companies from each sector in MSCI’s USA Index. It currently includes 313 securities, according to the filing with the Securities and Exchange Commission.
The prospectus filed December 29 2022 would be effective as of March 15. The forthcoming fund would be Xtrackers’ 14th ESG-themed ETF.
Portfolio managers are DBX Advisors vice presidents Bryan Richards, Patrick Dwyer, Shlomo Bassous and Ashif Shaikh. The prospectus did not yet include fee information.
