Xtrackers ETF Index Name Changes Announcement
Xtrackers (IE) plc has informed shareholders about upcoming changes to the names of several exchange-traded funds (ETFs), effective from an upcoming date. This shift comes as a notification from MSCI Limited, the index administrator, signaling a change in the reference indexes for these funds.
Details of the Index Name Changes
The ETFs impacted by the renaming are part of Xtrackers' comprehensive range of ESG-focused funds, which are designed around environmental, social, and governance principles. One notable change involves the removal of the 'ESG Screened' label from the index names. For example, the fund known as the Xtrackers MSCI Japan ESG Screened UCITS ETF will now simply be referred to as Xtrackers MSCI Japan Screened UCITS ETF. Other funds, such as the MSCI AC World and MSCI USA ETFs, will similarly see the elimination of the 'ESG Screened' terminology.
Impact on Investment Objectives and Policies
Importantly, while the names of these indexes will be updated, the core investment objectives, policies, risk profiles, and fees associated with each fund will remain unchanged. This means that investors can expect the funds to continue operating in line with their established strategies and sustainability criteria. The funds will retain their classification under Article 8(1) of the Sustainable Finance Disclosure Regulation (SFDR), which outlines specific disclosure requirements for financial products.
Resources for Shareholders
To assist shareholders in understanding these changes, the company will provide updated documentation, including a supplement and key information document, which will be accessible on the Xtrackers website upon the effective date of the renaming. Shareholders are encouraged to reach out to their financial advisors for further clarification regarding these updates or to contact Xtrackers directly for more information.
Conclusion
This announcement is straightforward, focusing solely on the name changes without addressing any broader industry implications or speculations. The primary intention is to inform stakeholders about the updates to the index names without altering the fundamental elements of the ETFs' investment approach or their commitment to sustainability.
Frequently Asked Questions
What changes are being made to Xtrackers' ETFs?
Xtrackers is changing the names of several ETFs, specifically removing the 'ESG Screened' label from the index names.
Will the investment objectives of the ETFs change?
No, the investment objectives, policies, risk profiles, and fees will remain unchanged despite the name updates.
How will these changes impact shareholders?
Shareholders will have access to updated documentation and can consult with their financial advisors for more information regarding the changes.
What is the significance of the SFDR classification?
The funds will maintain their status under Article 8(1) of the SFDR, which includes specific disclosure obligations for sustainable financial products.
Where can I find more information about the changes?
Updated information will be available on the Xtrackers website, and shareholders are encouraged to reach out directly for further inquiries.
