Xetra launch for iShares European companies ETF with high ESG rating and currency hedge
The iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist), launched on Xetra, is designed to allow investors to participate in the performance of large and medium-sized companies from 15 European industries that have a comparatively high ESG rating within their sector, are not involved in the extraction or production of fossil fuels and do not own fossil reserves.
Companies are excluded from the index that are not in line with the principles of the United Nations Global Compact, are involved in ESG-related controversies or are active in the areas of thermal coal, nuclear energy, weapons, gambling, tobacco and genetically modified organisms.
The weighting of a stock is limited to a maximum of 5 per cent. Any dividend income is distributed. Currency risks against the euro are minimised. Charges on the fund are 0.23 per cent.