DWS has expanded its range of ESG ETFs with the launch of a green real estate ETF.
The Xtrackers Developed Green Real Estate ESG UCITS ETF (XDRE) is listed on Deutsche Borse with a total expense ratio (TER) of 0.18%.
XDRE tracks the Dow Jones Developed Green Real Estate index which captures real estate securities from global developed markets.
The index uses a Global Real Estate Sustainability Benchmark (GRESB) score – a measure of ESG performance - overweighting those companies with high GRESB scores and underweighting those with lower scores.
Companies involved in business activities such as tobacco, controversial weapons, thermal coat, small arms, military contracting and oil sands are excluded from the index.
XDRE has an 85% weighting to real estate equities and a 15% weighting to real estate investment trusts (REITS). DWS previously announced XDRE was set to launch in the second quarter of 2024 in its Q1 2024 results.
Its arrival also comes after ETF Stream revealed the debut of the Xtrackers MSCI Global SDG 11 Sustainable Cities UCITS ETF (XG11) as part of a seven-strong suite of sustainable development goal (SDG) aligned strategies.
Elsewhere, DWS launched a global infrastructure ETF in October, offering exposure to 73 companies that provide energy, transport, and communications infrastructure.
