Xtrackers ETFs to Undergo Index Name Changes
Xtrackers (IE) plc, a prominent investment company, is set to implement significant changes to the names of the reference indexes for several of its exchange-traded funds (ETFs). As communicated by MSCI Limited, the Index Administrator, these changes will be put into effect on February 3, 2025, marking an important development for the Xtrackers umbrella of funds.
Understanding the Rebranding Update
The rebranding initiative will specifically affect funds that previously included the term 'ESG Screened' in their reference index names. This transition aims to streamline the naming convention for these funds, providing clearer and more direct titles. For example, the Xtrackers MSCI Japan ESG Screened UCITS ETF will transition to Xtrackers MSCI Japan Screened UCITS ETF, aligning with the updated naming approach.
Broader Impact Across Funds
Similar changes will also be observed in the MSCI AC World and MSCI USA ESG Screened UCITS ETFs. However, it is crucial to note that certain funds like the Xtrackers MSCI Innovation and Genomic Healthcare Innovation UCITS ETFs will retain their current names. This selective renaming underscores Xtrackers' intention to maintain clarity while also respecting existing brand identities.
Investment Objectives Untouched
Despite the alterations in naming, Xtrackers has assured investors that the fundamental aspects of these funds will remain unchanged. This includes their investment objectives, policies, risk profiles, and fee structures. The continuity of these elements assures investors that their investment strategies and expectations are not compromised in light of the rebranding.
Adherence to Regulatory Standards
Moreover, Xtrackers' funds will continue to comply with the disclosure requirements outlined under Article 8(1) of the Sustainable Finance Disclosure Regulation (SFDR). This commitment ensures transparency in managing sustainable investments and maintains the integrity of the funds.
Availability of Revised Documentation
Revised documentation, which will include a supplement and key information documents for each fund, will be accessible on the Xtrackers website around the effective date of these changes. Shareholders and investors are encouraged to review these materials to stay informed about their investments.
Engagement with Shareholders
Investors seeking clarification regarding these changes are encouraged to consult their financial advisors or reach out directly to Xtrackers for assistance. This proactive approach demonstrates the company's commitment to open communication and support for its shareholders.
Frequently Asked Questions
Why is Xtrackers changing the names of its ETFs?
The changes are aimed at creating a streamlined naming convention for the funds that previously included 'ESG Screened' in their index names.
Will the investment strategies of the funds change?
No, the investment objectives, policies, risk profiles, and fee structures of the funds will remain unchanged despite the name updates.
When will the new names take effect?
The new index names will take effect on February 3, 2025.
Where can I find the updated fund documentation?
The updated documentation will be available on the Xtrackers website around the effective date of the changes.
How can shareholders get more information?
Shareholders are encouraged to contact their financial advisors or reach out directly to Xtrackers for any questions regarding the changes.
