Since Wednesday, two new exchange-traded funds issued by Legal & General Investment Management have been tradable on Xetra and via Börse Frankfurt.
The two new ETFs give investors access to the performance of companies that want to reduce their CO2 emissions in line with the Paris Climate Agreement. The aim of the funds is to reduce exposure to transitional and physical climate risks while capturing opportunities arising from the transition to a lower-carbon economy.
Companies that operate in ESG-controversial business sectors are excluded.
While the L&G Asia Pacific ex Japan ESG Exclusions Paris Aligned UCITS ETF focuses on developed countries in Asia Pacific excluding Japan, the L&G Japan ESG Exclusions Paris Aligned UCITS ETF focuses on companies domiciled in Japan.
|Name||Asset class||ISIN||Ongoing charges||Distribution policy||Reference index|
|L&G Asia Pacific ex Japan ESG Exclusions Paris Aligned UCITS ETF||Equity ETF||IE000Z9UVQ99||0.16 per cent||accumulating||Foxberry Sustainability Consensus Pacific ex Japan Total Return Index|
|L&G Japan ESG Exclusions Paris Aligned UCITS ETF||Equity ETF||IE000HLUHPT1||0.16 per cent||accumulating||Foxberry Sustainability Consensus Japan Total Return Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,986 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.