Risk Considerations

Investors should note that the Xtrackers ETFs & ETCs are not capital protected or guaranteed and investors in each Xtrackers ETF or ETC should be prepared and able to sustain losses up to the total capital invested. The value of an investment in an Xtrackers ETF or ETC may go down as well as up and past performance does not predict future returns. Investment in Xtrackers ETFs or ETCs involve risks. For a list of related risks please click on the Risks and Terms tab.

Xtrackers by DWS establishes range of Europe sector ESG screened ETFs

  • Ten Xtrackers physical replication ETFs on European equity sectors now available, each tracking established index provider MSCI’s indices with ESG screens
  • Annual all-in fees reduced from 0.3% per annum to 0.2%
  • Continued expansion of Xtrackers ESG / ESG screened range as positive flow momentum continues

Xtrackers by DWS has established a range of ten environmental, social and governance (ESG) screened Europe equity sector ETFs tracking MSCI indices.

A programme of converting nine existing Europe equity sector Xtrackers ETFs to ESG screened MSCI underlying indices, with corresponding product name changes, completed last week. With the launch in June 2021 of the Xtrackers MSCI Europe Consumer Discretionary ESG Screened UCITS ETF 1C, this establishes a range of ten Xtrackers Europe equity sector ESG screened ETFs, all tracking MSCI indices (see table for product details), and all using direct physical replication. The products provide exposure to the following individual sectors: communication services, consumer discretionary, energy, financials, health care, industrials, information technology, utilities, materials, and consumer staples.

The ETFs harness MSCI’s ESG research processes and combine the index provider’s established ESG screened methodology with additional filtering for conventional weapons and other areas while also removing the worst ESG ‘laggards’[1]in terms of MSCI’s ESG rating system. The products are the first ESG screened equity sector ETFs in the European market and have been classified as Article 8 funds under the European Union’s SFDR (Sustainable Finance Disclosure Regulation).

ETFs in the previous Xtrackers Europe sectors range had annual all-in fees of 0.3%. The new ESG screened Xtrackers Europe sector ETFs have annual all-in fees of 0.2%.

“We are pleased to establish these new Xtrackers ETFs providing exposure to MSCI’s ESG screened Europe sector indices. This is in line with the demand we see from clients, while the highly competitive annual all-in fees should also prove attractive,” said Simon Klein, DWS’s Global Head of Passive Sales.

Flows into Xtrackers ESG ETFs have been positive this year, registering over EUR 4.4 billion year-to-date (as at the end of August, Source: DWS, 1 September, 2021).


ETF BBG Ticker ISIN Annual All-in Fee
MSCI Europe Communication Services ESG Screened UCITS ETF 1C ESG Screened XSKR LU0292104030 0.20%
MSCI Europe Consumer Discretionary ESG Screened UCITS ETF 1C ESG Screened XZEC IE00BNKF6C99 0.20%
ShortNameSCIcon XSER LU0292101796 0.20%
MSCI Europe Financials ESG Screened UCITS ETF 1C ESG Screened XS7R LU0292103651 0.20%
MSCI Europe Health Care ESG Screened UCITS ETF 1C ESG Screened XSDR LU0292103222 0.20%
MSCI Europe Industrials ESG Screened UCITS ETF 1C ESG Screened XSNR LU0292106084 0.20%
MSCI Europe Information Technology ESG Screened UCITS ETF 1C ESG Screened XS8R LU0292104469 0.20%
MSCI Europe Utilities ESG Screened UCITS ETF 1C ESG Screened XS6R LU0292104899 0.20%
MSCI Europe Materials ESG Screened UCITS ETF 1C ESG Screened XSPR LU0292100806 0.20%
MSCI Europe Consumer Staples ESG Screened UCITS ETF 1C ESG Screened XS3R LU0292105359 0.20%


About DWS Group

DWS Group (DWS) is one of the world's leading asset managers with EUR 859bn of assets under management (as of 30 June 2021). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognised by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global Chief Investment Office (CIO View), which guides our investment approach strategically.

DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.

Key risks

  • Investors should note that the Xtrackers UCITS ETFs are not capital protected or guaranteed and investors should be prepared and able to sustain losses of the capital invested up to a total loss.
  • Shares in the Xtrackers UCITS ETFs which are purchased on the secondary market cannot usually be sold directly back to the relevant fund. Investors must purchase and redeem such shares on the secondary market with the assistance of an intermediary (e.g. a market maker or a stock broker) and may incur fees for doing so (as further described in the applicable prospectus). In addition, investors may pay more than the current net asset value of a share in a Xtrackers UCITS ETF when buying shares on the secondary market, and may receive less than the current net asset value when selling such shares on the secondary market.
  • Investments in funds involve numerous risks including, among others, general market risks, credit risks, foreign exchange risks, interest rate risks and liquidity risks. The value of an investment in a Xtrackers UCITS ETF may go down as well as up and investors may not get back the full amount of their original investment.

Important Notice

This press release has been issued in the UK and approved by DWS Investments UK Limited. DWS Investments UK Limited is authorised and regulated by the Financial Conduct Authority. Any reference to “DWS” shall, unless otherwise required by the context, be understood as a reference to DWS Investments UK Limited including any of its parent companies, any of its or its parents affiliates or subsidiaries and, as the case may be, any investment companies promoted or managed by any of those entities.

Past performance is not a guide for future returns.

Xtrackers UCITS ETFs are all ETFs of one of the following platforms: Xtrackers, Xtrackers II or Xtrackers (IE) plc.

Xtrackers, Xtrackers II and Xtrackers (IE) plc are undertakings for collective investment in transferable securities (UCITS) in accordance with the applicable laws and regulations and set up as open-ended investment companies with variable capital and segregated liability between their respective compartments.

Xtrackers and Xtrackers II are incorporated in the Grand Duchy of Luxembourg, are registered with the Luxembourg Trade and Companies’ Register under number B-119.899 (Xtrackers) and B-124.284 (Xtrackers II) respectively and have their registered office at 49, avenue J.F. Kennedy, L-1855 Luxembourg. Xtrackers (IE) plc is incorporated in Ireland with registered number 393802 and has its registered office at 78 Sir John Rogerson’s Quay, Dublin 2, Ireland. DWS Investment S.A. acts as the management company of Xtrackers, Xtrackers II and Xtrackers (IE) plc.

This information is intended for informational purposes only and does not constitute investment advice, recommendation, an offer or solicitation. Any investment decision in relation to an Xtrackers ETF should be based solely on the latest version of the prospectus, the audited annual and, if more recent, un-audited semi-annual reports and the Key Investor Information Document (KIID), all of which are available in English upon request or on www.Xtrackers.com. In the case of any inconsistency with the prospectus, the latest version of the prospectus shall prevail.

© DWS Investments UK Limited 2021.

1. Defined by MSCI as ‘a company lagging its industry based on its high exposure and failure to manage significant ESG risks’: www.msci.com


CIO View