Xtrackers MSCI Emerging Markets ESG Screened Ucits ETF will hold an extraordinary general meeting on 17 July, at which investors will vote on whether to move away from the strategy’s ESG remit.
The strategy proposes to change the underlying benchmark it tracks, from the MSCI EM Select ESG Screened Index to the MSCI Emerging Markets ex China Index.
If approved by shareholders, the fund’s name will change to Xtrackers MSCI Emerging Markets ex China UCITS ETF, and its SFDR Article 8 classification will move to Article 6.
Meanwhile, the strategy’s total expense ratio (TER) for its ‘1C’ share class will be reduced from up to 0.18% per year to up to 0.16%.
Launched in 2015, the strategy currently manages £45.2m in assets.
This article first appeared on PA Future’s sister site Portfolio Adviser
