LONDON - Xtrackers, the investment company with variable capital, has announced upcoming changes to the names of several of its exchange-traded funds (ETFs). The adjustments will align with corresponding updates to the names of their reference indices, as informed by MSCI Limited, the index administrator.
The name changes will affect a range of Xtrackers' ETFs, including those focused on markets such as Canada, Europe, the Pacific ex Japan, and emerging markets in Asia, as well as specific sectors like financials, materials, consumer staples, health care, industrials, information technology, communication services, and utilities. The changes are scheduled to take effect on February 3, 2025.
This announcement comes after MSCI Limited's decision on December 16, 2024, to rename the reference indices of these ETFs by removing the "ESG Screened" label from the index names. The ETFs will subsequently drop the "ESG Screened" designation from their names as well. Notably, the Xtrackers Harvest MSCI China Tech 100 UCITS ETF will not undergo a name change.
The Board of Directors of Xtrackers has confirmed that despite the renaming, the investment objectives, policies, risk profiles, and fees for each ETF will remain unchanged. These funds will continue to adhere to the disclosure requirements of a financial product under Article 8(1) of the Sustainable Finance Disclosure Regulation (SFDR).
Investors can expect to access the revised prospectus and key investor information documents reflecting these changes on or around the effective date on the company's website. Shareholders seeking clarity on the updates or their implications are advised to consult with independent financial advisors.
Xtrackers has emphasized that the products involved are based overseas and are not subject to UK sustainable investment labeling and disclosure requirements. For more information on the UK's sustainability labeling and disclosure standards, investors may refer to the UK Financial Conduct Authority's website.
The information for these forthcoming changes is based on a press release statement from Xtrackers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.