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DWS Group launches Xtrackers MSCI EAFE ESG Leaders Equity ETF
By Marisa Wong
Morgantown, W.Va., Sept. 12 – DWS Group GmbH & Co. KGaA launched the Xtrackers MSCI EAFE ESG Leaders Equity exchange-traded fund, growing its suite of environmental, social and governance (ESG) products, according to a press release.
The ETF, which will trade under the symbol EASG, seeks investment results that correspond generally to the performance of the MSCI EAFE ESG Leaders index, which provides exposure to companies with high ESG performance relative to their sector peers.
The index consists of large- and mid-cap companies across developed markets countries around the world, excluding the United States and Canada.
“More than one-quarter of assets under management globally are now being invested according to the premise that ESG factors can materially affect a company’s performance and market value,” Fiona Bassett, global co-head of passive asset management and global co-head of products, commented in the press release.
“Through our Xtrackers suite, our aim is to provide efficient access to international markets, asset classes or strategies that deliver new investment opportunities capitalizing on emerging trends.
“The ESG rating data incorporated in EASG could help investors better evaluate the risk and return potential of financial opportunities,” Bassett said.
Earlier this month, DWS launched the first ESG money market fund in the United States, the DWS ESG Liquidity Fund, which invests in high-quality, short-term, U.S. dollar-denominated money market instruments paying a fixed, variable or floating rate while also filtering for various ESG factors using DWS’s proprietary ESG Engine.
DWS is a Frankfurt-based asset management company.
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