Xtrackers ETFs Rename Reference Indices
Xtrackers (IE) plc, an investment powerhouse based in Dublin, recently announced a significant update concerning its exchange-traded funds (ETFs). Starting from a specified future date, MSCI Limited will be working to rename the reference indices for several Xtrackers ETFs. However, investors can rest assured that these updates will not impact the investment objectives, policies, risk profiles, or associated fees of these funds.
Impact of Naming Changes on ESG Indices
The name modifications prominently include the removal of the "ESG Screened" designation from the indices. This change is designed to streamline the titles while maintaining alignment with the Xtrackers' ethos. For example, the MSCI Japan Select ESG Screened Index will transition to become the MSCI Japan Select Screened Index. As a result, the related Xtrackers MSCI Japan ESG Screened UCITS ETF will now be referred to as Xtrackers MSCI Japan Screened UCITS ETF.
Consistency in Fund Names
Importantly, not all Xtrackers ETFs will undergo name changes. Specifically, the Xtrackers MSCI Innovation UCITS ETF, Xtrackers MSCI Fintech Innovation UCITS ETF, Xtrackers MSCI Genomic Healthcare Innovation UCITS ETF, and Xtrackers MSCI Next Generation Internet Innovation UCITS ETF will keep their current names. This strategy reflects a balanced approach between branding and clarity for investors.
Commitment to Sustainability Standards
Despite these branding changes, Xtrackers reassures stakeholders that the ETFs will adhere to the disclosure requirements associated with financial products under Article 8(1) of SFDR. This commitment emphasizes the importance of sustainability factors in their investment strategies, ensuring that the focus remains on responsible and sustainable investment.
Updated Documentation for Investors
As part of the process, Xtrackers will provide updated documentation around the time of the changes. This will include revised Supplement and key information documents for each fund. Investors are encouraged to visit the Xtrackers website for this crucial information as it becomes available.
Support for Shareholders Amid Changes
Xtrackers emphasizes its dedication to maintaining transparent communication with shareholders, especially in light of these changes. For those looking for clarity regarding these updates or how they may impact individual investments, the company advises consulting independent financial advisors. Alternatively, shareholders can reach out through the company's contact channels for more personalized assistance.
Frequently Asked Questions
What prompted the index name changes for Xtrackers ETFs?
The changes were initiated to reflect a streamlined naming structure, particularly removing the "ESG Screened" label to align with updated reference titles.
Will the investment objectives of Xtrackers ETFs change?
No, the investment objectives, policies, risk profiles, and fees associated with the funds will remain unchanged despite the renaming.
How does this change affect the focus on sustainability?
The ETFs continue to adhere to the commitment of meeting disclosure requirements under Article 8(1) of SFDR, emphasizing their focus on sustainable investment.
When will the updated documentation be available?
Updated documentation, including the revised Supplement and key information documents, will be available around the effective date of the changes on the Xtrackers website.
Who should I contact for more information regarding these changes?
Shareholders seeking further clarification can consult independent financial advisors or reach out directly through the available contact channels of Xtrackers.
