Xtrackers Updating ETF Index Names
Xtrackers (IE) plc, a prominent investment company based in Dublin, is set to implement changes to the names of certain reference indices utilized by its exchange-traded funds (ETFs). This change is part of a broader effort to enhance transparency. The announcement, made by MSCI Limited, the Index Administrator, indicates that these modifications will officially take effect on February 3, 2025.
Changing Index Designations
A selection of Xtrackers' funds, which currently carry the "ESG Screened" designation in their index names, will undergo renaming as part of this update. This is an important step that reflects the firm's commitment to creating clearer distinctions among their offerings. Specifically, the renaming will affect the following funds:
Details of Fund Renaming
The Xtrackers MSCI Japan ESG Screened UCITS ETF will be renamed to Xtrackers MSCI Japan Screened UCITS ETF. Similarly, the Xtrackers MSCI AC World ESG Screened UCITS ETF will now simply be known as the Xtrackers MSCI AC World Screened UCITS ETF. Notably, the Xtrackers MSCI World ESG Screened UCITS ETF will be rebranded to Xtrackers MSCI World Screened UCITS ETF, and the Xtrackers MSCI USA ESG Screened UCITS ETF will officially adopt the title Xtrackers MSCI USA Screened UCITS ETF.
Funds Retaining Their Names
While many of the funds are undergoing renaming, it is noteworthy that several will maintain their current names. This includes the Xtrackers MSCI Innovation UCITS ETF and the Xtrackers MSCI Next Generation Internet Innovation UCITS ETF. Such decisions are made to ensure continuity for investors who wish to track the performance of these investments without disruption. The Xtrackers Board of Directors has reassured shareholders that the investment objectives, policies, risk profiles, and fee structures for these funds will remain unchanged, despite the new names.
Commitment to Transparency
Moreover, Xtrackers will continue to meet the disclosure requirements associated with its financial products. Compliance under Article 8(1) of the Sustainable Finance Disclosure Regulation (SFDR) remains stringent. This commitment underscores the firm's dedication to maintaining high standards of transparency and accountability to investors.
Accessing Updated Documentation
As the changes approach, revised documentation that details these updates, including Supplements and key information documents for each fund, will be made available on the Xtrackers website. This ensures that shareholders can easily access the necessary information about the updated fund details. Shareholders who have questions or need additional clarification are encouraged to reach out to their financial advisors for personalized advice.
Frequently Asked Questions
What are the primary changes to the Xtrackers ETFs?
The major change involves the renaming of multiple ETFs that will drop the "ESG Screened" label from their index names, creating clearer distinctions.
Will the investment objectives or fees change?
No, the investment objectives, policies, risk profiles, and fees will remain unchanged despite the rebranding of the funds.
When will the name changes take place?
The name changes will become effective on February 3, 2025.
Which funds will retain their current names?
Funds such as the Xtrackers MSCI Innovation UCITS ETF and the Xtrackers MSCI Next Generation Internet Innovation UCITS ETF will keep their names.
How can shareholders access updated fund documents?
Revised documentation will be available on the Xtrackers website around the effective date of the changes for shareholders to review.
