Xtrackers has announced that it will remove Environmental, Social, and Governance (ESG) criteria from eleven of its exchange-traded funds (ETFs), with the changes set to take effect on June 1. This decision marks a significant shift in the investment strategy of these funds, which previously incorporated ESG considerations into their selection processes. The move is expected to impact the investment profiles of the affected ETFs, potentially altering their appeal to investors focused on sustainable investing. Further details regarding the specific funds and the rationale behind this decision have yet to be disclosed.
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