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DWS XTrackers Launches Record-Breaking ETF
Description
DWS Xtrackers launched the MSCI USA Climate Action Equity ETF (USCA), the largest exchange-traded fund ever launched with $2 billion in assets. The fund invests in large and mid-cap US-listed companies leading their sector peers in taking actions relating to climate transition. Finnish investor Ilmarinen backed the listing with $3.2 billion it moved from Xtrackers MSCI USA ESG Leaders Equity ETF (USSG). With top holdings of Microsoft, Apple, and Amazon, the passively managed fund holds large- and mid-cap companies. USCA's launch is part of a broader movement among asset managers to move away from all-encompassing ESG strategies and offer more climate-focused products.
Keywords & Tags
#inflation
#business
#amazon
#apple
#exchange-traded fund
#Asset Managers
#finance
#Microsoft
#DWS XTrackers Launches ETF
#Ilmarinen
#Xtrackers MSCI USA ESG Leaders Equity ETF
#USSG
#passively managed fund
#DWS Xtrackers
#MSCI USA Climate Action Equity ETF
#USCA
#ESG strategies
#climate-focused products
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