New Lyxor ETF on Xetra
A new ETF issued by Lyxor International Asset Management has recently been launched on Xetra and Börse Frankfurt.
The Lyxor MSCI World ESG Leaders Extra (DR) UCITS ETF aims to allow investors to participate in a portfolio of large and medium-sized companies from 23 developed nations worldwide, with ongoing charges of 0.18 per cent.
Based on the MSCI World, only companies that rank among the best within their sector in terms of ESG criteria and show a positive trend in the improvement of their sustainability profile are selected, says the company. At the same time, the original sector weightings aim to be maintained. Companies with significant business activities in the areas of alcohol, tobacco, gambling, adult entertainment, nuclear energy, weapons, and genetically modified organisms are excluded and therefore not represented in the index.