LONDON - Xtrackers, the investment company with variable capital, has announced that effective February 3, 2025, several of its exchange-traded funds (ETFs) will undergo a name change to reflect revisions in their reference index names by MSCI Limited, the index administrator.
The changes will see the removal of the 'ESG Screened' label from the names of the reference indices and subsequently from the names of the ETFs. The new index names will simply include the term 'Screened' instead of 'ESG Screened'. For instance, the 'Xtrackers MSCI Europe ESG Screened UCITS ETF' will be renamed 'Xtrackers MSCI Europe Screened UCITS ETF'. This adjustment will affect a total of 14 sub-funds, with the renaming of the indices scheduled to take place on the stated effective date.
The board of directors of Xtrackers has confirmed that apart from the name change, there will be no alterations to the investment objectives, policies, risk profiles, or fees associated with the sub-funds. Additionally, the sub-funds will maintain their current status under Article 8(1) of the Sustainable Finance Disclosure Regulation (SFDR), which pertains to the disclosure requirements for financial products.
Investors should be aware that the product is based overseas and is not governed by UK sustainable investment labelling and disclosure requirements. For those seeking further information on UK sustainability labelling and disclosure, the UK Financial Conduct Authority's website can be consulted.
Xtrackers has made it known that revised prospectuses and key investor information documents reflecting these changes will be available on the company's website around the effective date. These documents can also be obtained free of charge at the registered office of the company or at the offices of foreign representatives upon request.
Shareholders with queries or seeking clarity on the announced changes are advised to consult their stockbroker, bank manager, legal advisor, accountant, or other independent financial advisors. They are also encouraged to consider the tax implications specific to their circumstances.
The information for this article is based on a press release statement from Xtrackers.
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