DWS, one of the leading asset managers in Europe, announced the addition of three new ESG-screened exchange-traded funds to its $4 billion ESG exchange-traded fund lineup.
The new investment products, which are part of DWS' Xtrackers exchange-traded funds business, include Dividend, Growth, and Value ESG ETFs that follow U.S. equity indices.
Arne Noack, America's Head of Systematic Investment Solutions, stated:
"At a period of high inflation and rising interest rates, investors are seeking solutions that allow them to target various investment types to tailor their portfolios to market expectations. Our dividend, growth, and value ESG ETFs enable them to do so, while expanding our lineup of ETFs that can be valuable to investors seeking genuine ESG alternatives to conventional equities indices."
Each of the new funds aims to replicate the performance of an S&P Dow Jones Indices index, 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) (Xtrackers S&P 500 Value ESG ETF).
Margaret Dorn, Senior Director of ESG Indices at S&P Dow Jones Indices and Head of ESG Indices for North America, said:
"We are thrilled that DWS has chosen the equity ESG indices from S&P Dow Jones Indices as the benchmarks for its new ETFs." We're happy to work with clients like DWS to keep growing the number of sustainable index-based solutions on the market and make things clearer for U.S. investors.
Xtrackers S&P 500 ESG ETF, Xtrackers S&P MidCap 400 ESG ETF, and Xtrackers S&P SmallCap 600 ESG ETF are among DWS's current ETF offerings.
DWS's Head of Passive Sales, U.S. Onshore, Amanda Rebello, stated:
"We are excited to continue innovating within the industry by creating funds that may fulfil the demands of investors seeking economically priced portfolio building blocks that also contain ESG investment considerations. With the inclusion of these new funds, ESG investing may now be incorporated into all-cap, all-style U.S. equity solutions."
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