DWS, one of the largest asset managers in Europe, announced today expansion of its $4 billion ESG exchange traded fund lineup with the launch three new ESG-screened ETFs.
The new investment products, part of DWS’ exchange-traded funds business Xtrackers, include Dividend, Growth and Value ESG ETFs, tracking U.S. equity indices.
Arne Noack, Head of Systematic Investment Solutions, Americas, said:
“At a time of high inflation and rising interest rates, investors are looking for products that allow them to target specific investment styles in order to tailor their portfolios in line with market expectations. Our dividend, growth and value ESG ETFs let them do that, while adding to our series of ETFs that can be useful for investors seeking credible ESG alternatives to mainstream equity indices.”
Each of the new funds aims to provide investment results corresponding to an index from S&P Dow Jones Indices, including the S&P ESG High Yield Dividend Aristocrats Index (Xtrackers S&P ESG Dividend Aristocrats ETF), the S&P 500 Growth ESG Index (Xtrackers S&P 500 Growth ESG ETF) and the S&P 500 Value ESG Index (Xtrackers S&P 500 Value ESG ETF).
Margaret Dorn, Senior Director, Head of ESG Indices, North America, S&P Dow Jones Indices said:
“We’re very pleased that DWS has selected S&P Dow Jones Indices’ equity ESG indices as underlying benchmarks for their new ETFs. We’re proud to collaborate with clients such as DWS to continue expanding the range of sustainable index-based solutions in the market and provide more transparency to investors in the U.S.”
The new ETFs add to DWS’s current lineup, which also include Xtrackers S&P 500 ESG ETF, Xtrackers S&P MidCap 400 ESG ETF, and Xtrackers S&P SmallCap 600 ESG ETF.
Amanda Rebello, Head of Passive Sales, U.S. Onshore at DWS, said:
“We are pleased to continue providing innovation in the industry by developing funds that can meet the needs of investors seeking competitively priced core building blocks of a portfolio that also incorporate ESG investment considerations. With the addition of these new funds, ESG investing can now be embedded into an all-cap, all-style solutions for U.S. equities.”