XNZE
•
Equity
XTRACKERS EMU NET ZERO PATHWAY PARIS ALIGNED UCITS ETF 1C
TER (bps):
15
AUM (USD m):
8
ISIN:
IE000Y6L6LE6
Domicile:
Ireland
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Eurozone (EMU)
As of:
06 Nov 2024
Climate Fund:
Yes
Benchmark
The Solactive ISS ESG EMU Net Zero Pathway Index aims to represent multiple segments of the Eurozone developed stock markets in a fashion that complies with the regulations laid out for EU ParisAligned Benchmarks (EU PAB).. It also aims to implement recommendations published by the IIGCC in their Net Zero investment Framework. The underlying securities are selected in such a manner that the resulting benchmark portfolio’s GHG emissions are aligned with the long-term global warming target of the Paris Climate Agreement, including only companies operating in accordance with market standards for responsible business conduct (Norms Based Research) and controversial weapons. Those standards are based on established norms such as the United Nations Global Compact and the exclusion of significant involvement in defined sectors. In addition, certain activities are excluded from the index based on fixed revenue thresholds.
PERFORMANCE
