New Listing

Amundi launches DAX ESG ETF

DECD has a TER of 0.19%

George Geddes

a yellow and red flag

Amundi has launched a DAX 50 ETF with an environmental, social and governance (ESG) tilt, ETF Stream can reveal.

The Amundi DAX 50 ESG UCITS ETF (DECD) is listed on Xetra with a total expense ratio of 0.19%.

Tracking the DAX 50 ESG index, it is comprised of the 50 largest German companies that are ESG compliant.

DECD selects underlying stocks depending on their market capitalisation, stock turnover and ESG scores.

Furthermore, any companies involved in controversial sectors such as gambling, tobacco, nuclear power, steam coal or weapons are excluded.

The ETF is weighted based on the underlying market cap with the largest share of a company being limited to 7%.

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Amundi is the second issuer in Europe to launch a DAX ESG ETF. In April, Lyxor launched the first ETF of this kind, the Lyxor DAX 50 UCITS ESG ETF (E909).

Fannie Wurtz, head of ETF, indexing and smart beta at Amundi, said: “We are delighted to enhance our offering of responsible ETFs, providing investors with the choices they need to implement cost-effective ESG portfolios.

"Building on our existing range of core ESG ETFs, we are now extending our offer through country flagship exposures like the S&P 500 ESG and today the DAX 50 ESG.”

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