DWS has launched the Xtrackers S&P 500 ESG ETF, the first ESG related fund tied to the S&P500 index, says the firm. The underlying index excludes companies involved in the production or sales of tobacco, engaged in the business of controversial weapons, fall within the bottom 5% of the United Nations Global Compact score ranking, or fall within the lowest 25% of ESG scores from each GICS Industry Group.