LONDON - Xtrackers, the investment company with variable capital, has announced that a series of its exchange-traded funds (ETFs) will undergo changes to their names effective February 3, 2025. This follows a notification from MSCI Limited, the index administrator, regarding the renaming of the reference indexes for each affected ETF.
The renaming will affect a diverse range of Xtrackers ETFs, including those tracking markets in Canada, Europe, the Pacific ex Japan, Emerging Markets Asia, and China A, as well as specific sectors such as financials, materials, consumer staples, health care, industrials, information technology, communication services, and utilities. The changes are purely nominal, with each "ESG Screened" label in the index names being dropped.
For instance, the Xtrackers MSCI Canada ESG Screened UCITS ETF will be renamed to Xtrackers MSCI Canada Screened UCITS ETF. Similar changes will be applied across other funds, with the "ESG Screened" terminology removed from both the reference index names and the ETF names themselves.
It is important to note that the Xtrackers Harvest MSCI China Tech 100 UCITS ETF will not undergo a name change. Moreover, the investment objectives, policies, risk profiles, and fees for each ETF will remain unchanged. The ETFs will also continue to adhere to the disclosure requirements of a financial product under Article 8(1) of SFDR.
Investors can expect to access the revised prospectus and key investor information documents for each ETF on the Xtrackers website around the effective date. Shareholders seeking clarity on these changes or their potential implications are advised to consult with their financial advisors.
The modifications are administrative and do not impact the operational or investment strategies of the funds. This announcement is based on a press release statement from Xtrackers.
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