DWS Launches Xtrackers Paris-Aligned Nordic ETF

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DWS, a global asset management company, has expanded its Paris-Aligned Benchmark (PAB) climate range by introducing an ETF that focuses on Scandinavian equities. The Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF is listed on the Deutsche Boerse and has a total expense ratio (TER) of 0.15%.

This ETF tracks the Solactive ISS ESG Nordic Investable Universe Net Zero Pathway index, which consists of 180 companies. The selection and weighting of these companies adhere to EU PAB standards. The ETF currently has a significant weighting of 45.6% to Sweden, 33% to Denmark, 12.7% to Finland, and 8.7% to Norway.

The benchmark aims to achieve an initial decarbonization target of 50% compared to its parent benchmark, with an additional annual decarbonization target of 7%. Companies involved in controversial activities such as weapons, tobacco, nuclear weapons, and fossil fuels are excluded from the index. The index also applies liquidity screens, requiring a minimum average daily trading volume of €1 million and a minimum market capitalization of €100 million. Additionally, each constituent company is capped at a maximum weighting of 9%.

ETF Newz Says:

The Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR), indicating its focus on sustainable investments.


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