LONDON - Xtrackers (IE) plc, the Dublin-registered investment company, has informed shareholders that as of February 3, 2025, the reference indexes for several of its exchange-traded funds (ETFs) will undergo name changes. The announcement came after MSCI Limited, the index administrator, notified the company of the upcoming changes on December 16, 2024.
The affected funds are part of Xtrackers' suite of ESG-screened ETFs, which focus on environmental, social, and governance criteria. The renaming will see the removal of the 'ESG Screened' label from the index names. For instance, the Xtrackers MSCI Japan ESG Screened UCITS ETF will be renamed to Xtrackers MSCI Japan Screened UCITS ETF. Similar changes will apply to the MSCI AC World, MSCI World, and MSCI USA ESG Screened UCITS ETFs, which will all drop the 'ESG Screened' term from their names.
It is important to note that despite the name changes, the investment objectives, policies, risk profiles, and fees for each fund will not be altered. The funds will also maintain their status under Article 8(1) of the Sustainable Finance Disclosure Regulation (SFDR), which pertains to the disclosure requirements of financial products.
The company has assured shareholders that the updated supplement and key information document reflecting these changes will be available on the Xtrackers website around the effective date of the renaming. Shareholders seeking clarity on the updates or requiring further information have been advised to consult their financial advisors or reach out directly to Xtrackers.
This announcement is based on a press release statement and does not involve any speculation on the broader industry impacts or trends. The changes are strictly to the names of the indexes and do not imply any modifications to the ETFs' investment strategies or sustainability criteria.
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