DWS has announced the launch of a new Xtrackers ETF providing large and mid-cap US equity exposure in a net zero emissions environment.
The Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (NYSE Ticker: USNZ) is listed on the New York Stock Exchange and provides exposure to a Paris Aligned Benchmark index. This is designed to provide a 50% reduction in carbon intensity versus a market capitalization weighted US equity index, and a carbon intensity reduction trajectory of 7% year-on-year.
DWS says it provides an evidence-based, statistically driven ‘pathway’ to net zero, aligned with the Paris Climate Accords and their two main objectives: to achieve a net zero emissions economy by 2050 and limit the rise in global temperature by 1.5°C above pre-industrial levels.
DWS used index provider Solactive to develop the index, which is called the Solactive ISS ESG United States Net Zero Pathway Enhanced Index. It consists of 386 U.S. large and mid-cap stocks and is re-balanced semi-annually.