DWS Launches Nordic Paris-Aligned UCITS ETF

DWS has added a new ETF to its Paris-Aligned Benchmark (PAB) climate range. The Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF, listed on the Deutsche Boerse, tracks the Solactive ISS ESG Nordic Investable Universe Net Zero Pathway index of 180 companies. The ETF has a 45.6% weighting to Sweden, 33% to Denmark, 12.7% to Finland and 8.7% to Norway. The index targets an initial decarbonisation of 50% and an annual decarbonisation target of 7%, while applying a six-month liquidity screen and excluding companies involved in business activities including controversial weapons, firearms, tobacco, nuclear weapons and fossil fuels.