DWS has expanded its suite of ESG products with the launch of a global infrastructure ETF.
The Xtrackers Global Infrastructure ESG UCITS ETF (XIFE) is listed on the London Stock Exchange (LSE) and Deutsche Borse with a total expense ratio (TER) of 0.35%.
XIFE tracks the Dow Jones Brookfield Global Green Infrastructure index which offers exposure to 73 companies that provide energy, transport, and communications infrastructure.
The highest weightings in the index are US transmission tower operator American Tower (9.5%), French transport infrastructure and construction group Vinci (7.9%) and Crown Castle (7.2%).
The index is market cap weighted and rebalanced quarterly.
The ESG screen excludes companies based on their level of involvement in controversial weapons, small arms, military contracting, coal, thermal coal, oil sands and tobacco.
Exclusions are also based on revenue thresholds in fossil fuel operations and power generation.
Michael Mohr (pictured), head of products at Xtrackers, DWS, said: “The need for infrastructure beyond fossil fuels is growing rapidly as governments and companies worldwide seek to develop more sustainable infrastructure focused on electrification and computing.
“The index offers broad, global infrastructure exposure, but its focus is particularly on infrastructure projects that rely on greener technologies.”
BNP Paribas Asset Management (BNPP AM) launched an ETF capturing global infrastructure with an ESG tilt in 2023.
Elsewhere, DWS launched a synthetic China mid-cap ETF in August, taking the German asset manager’s China ETF range to nine.
