Xtrackers to Refresh ETF Index Names with New Branding
Xtrackers Announces Exciting ETF Index Name Updates
Xtrackers (IE) plc has recently shared some important news that could enhance how investors view their exchange-traded funds (ETFs). The company has revealed plans for name changes to the reference indices of two of its prominent ETFs, set to take effect in early 2025.
Upcoming Name Changes for ETFs
The current Xtrackers S&P 500 ESG UCITS ETF will transition to the new title of Xtrackers S&P 500 Scored & Screened UCITS ETF. Meanwhile, the Xtrackers S&P 500 Equal Weight ESG UCITS ETF will be renamed as the Xtrackers S&P 500 Equal Weight Scored & Screened UCITS ETF.
Details of the Index Updates
These changes come as part of a broader initiative to better reflect the assets and methodologies that these ETFs are built upon. The existing indices, namely the S&P 500 ESG Index and the S&P 500 Equal Weight ESG Index, will be rebranded to the S&P 500 Scored & Screened Index and the S&P 500 Equal Weight Scored & Screened Index, respectively. This updated nomenclature aims to provide clearer guidance for investors regarding the investment strategy.
No Change in Investment Strategy or Costs
Despite these name changes, it's crucial for investors to know that the investment objectives and risk profiles of the funds remain unchanged. The funds will continue to operate under the same policies and fee structures, offering the same level of expectation and performance that investors have come to know and trust.
Compliance with Sustainable Finance Regulations
Additionally, both ETFs will retain compliance with the Sustainable Finance Disclosure Regulation (SFDR), ensuring that all disclosures and operational guidelines reflect current financial product regulations. Investors can feel confident in the integrity and transparency of these funds going forward.
Looking Ahead: Fund Documentation and Resources
As these changes approach, Xtrackers indicates that revised documentation, including a detailed supplement and the key investor information document, will be accessible on their website. This documentation will be available around the effective date, providing shareholders and prospective investors with all necessary information.
Encouragement for Investor Consultation
Shareholders are encouraged to reach out to their financial advisors for a deeper understanding of how these changes could impact their investments. Staying informed is key to navigating value in the constantly evolving investment landscape.
Company Overview and Governance
Xtrackers operates under the supervision of a Board of Directors representing diverse global backgrounds, which aligns with the company's commitment to offering robust and responsible investment options. Being registered in Ireland, Xtrackers adheres to stringent regulatory standards ensuring safeguarding of investor interests.
Frequently Asked Questions
What are the new names for Xtrackers' ETFs?
The ETFs will be renamed to the Xtrackers S&P 500 Scored & Screened UCITS ETF and the Xtrackers S&P 500 Equal Weight Scored & Screened UCITS ETF.
Will the investment strategies of these ETFs change?
No, the investment objectives and risk profiles of the funds will remain unchanged, despite the name updates.
When will the name changes take effect?
The name changes are set to be effective in early 2025.
Where can I find more information about the changes?
Revised fund documentation will be available on the Xtrackers website around the effective date of the changes.
How should investors proceed regarding these updates?
Investors are advised to consult with their financial advisors to understand the implications of these changes on their investments.
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