New Deka ETF on Xetra: Bonds from sustainable and climate-friendly companies
Since Thursday, a new exchange-traded fund issued by Deka Investments is tradable on Xetra and Börse Frankfurt.
With the Deka MSCI EUR Corporates Climate Change ESG UCITS ETF, investors focus on fixed-income corporate bonds issued in euros with an investment grade rating. These must have a residual term of at least one year and a minimum outstanding volume of €300 million.
Only companies from developed countries that meet sustainability criteria and strive to reduce their exposure to CO2 emissions are included. Consequently, companies are excluded from the index that operate in sectors with potentially strong negative ESG impacts, that disregard the guidelines set by the United Nations Global Compact or are involved in controversies concerning ESG criteria.
The weighting of an issuer is limited to 4 per cent. Any coupon payments are distributed to the investors.
| Name | Asset . class | ISIN | On-going charges | Distribution policy | Reference index |
| Deka MSCI EUR Corporates Climate Change ESG UCITS ETF | Bond ETF | DE000ETFL599 | 0.18 per cent | Distributing | MSCI EUR Corporates IG Climate Change ESG Select Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,721 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.