DWS is preparing an Xtrackers ETF that would invest in companies seen as leaders in addressing climate change in their businesses.
Last month, the company filed a prospectus for the Xtrackers MSCI USA Climate Action Equity ETF, which would focus on large- and mid-cap companies. The index targets 50% coverage of companies from each sector in MSCI’s USA Index. It currently includes 313 securities, according to the filing with the Securities and Exchange Commission.
The prospectus filed Dec. 29, 2022, would be effective as of March 15. The forthcoming fund would be Xtrackers’ 14th ESG-themed ETF.
Portfolio managers are DBX Advisors vice presidents Bryan Richards, Patrick Dwyer, Shlomo Bassous and Ashif Shaikh. The prospectus did not yet include fee information.
As volatility and sequence risk weigh on investors nearing retirement, Allianz Life is expanding tools designed to help financial professionals balance growth potential with greater downside control
Most firms think they are ready for the ultra high net worth market. Most are not.
Stifel has paid or is on the hook for close to a staggering $200 million in damages and settlements to former clients of Chuck Roberts.
UBS also expanded in the Southeast with six advisors overseeing more than $2 billion, while Osaic lured a $300 million family-led practice from Wells Fargo's FiNet.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
