Xtrackers ETFs Adjust Index Names for Better Clarity
Xtrackers (IE) plc is making some significant changes to the names of their exchange-traded funds (ETFs). This update was recently communicated by MSCI Limited, the index administrator. The adjustments are part of an initiative to simplify and streamline the naming of their reference indices.
Changes in ETF Index Naming
Effective February 3, 2025, several ETFs will see the term 'ESG Screened' removed from their index names. The goal behind this change is to present a clearer and more straightforward naming system. For example, the MSCI Japan Select ESG Screened Index will now simply be known as the MSCI Japan Select Screened Index. Similar updates are planned for other indices, including those related to the MSCI AC World and MSCI USA.
Fund Objectives Remain Unchanged
Despite these changes in nomenclature, it's important to note that the investment objectives, policies, risk profiles, and fees for each fund will be upheld as they are. The funds will continue to comply with the disclosure requirements established under the Sustainable Finance Disclosure Regulation (SFDR), ensuring transparency and accountability for investors.
Board Resolutions and Fund Names
The board of directors at Xtrackers has made the decision to amend the names of the funds to align with the new index names. However, certain funds, including the Xtrackers MSCI Innovation UCITS ETF, Xtrackers MSCI Fintech Innovation UCITS ETF, and Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF, will retain their original names. Additionally, the Xtrackers MSCI Next Generation Internet Innovation UCITS ETF will also remain unchanged.
Access to Revised Documentation
Revised documentation that corresponds with these updates, such as supplements and key information documents for each impacted fund, will be accessible on the company's website around the effective date of these changes. Shareholders who have questions or need more information are encouraged to reach out to their financial advisors for guidance.
Frequently Asked Questions
What are the upcoming changes to Xtrackers' ETFs?
Xtrackers will change the index names by removing the term 'ESG Screened', starting February 3, 2025.
Will the investment objectives of the ETFs change?
No, the investment objectives, policies, risk profiles, and fees will remain the same despite the name changes.
Which funds will retain their original names?
Funds such as the Xtrackers MSCI Innovation UCITS ETF and others will keep their names unchanged.
Where can I find the revised documentation for these funds?
The updated documentation will be available on the Xtrackers website around the effective date of the changes.
Should shareholders consult financial advisors regarding these changes?
Yes, shareholders are encouraged to consult their financial advisors for any questions or clarifications.
