Deutsche Bank launches US carbon efficient ETF

Deutsche Bank has launched the db x-trackers S&P US Carbon Efficient ETF on the London Stock Exchange.

The ETF tracks the S&P US Carbon Efficient index, which is based on the performance of large cap US companies with relatively low carbon emissions, while seeking to replicate the return of the S&P 500. The index has been developed by S&P in conjunction with Deutsche Bank and TruCost, a provider in carbon footprint analysis. Initial access to this index is available exclusively through db x-trackers ETFs. Db x-trackers UK head Manooj Mistry says: "This is the first time that investors have had the opportunity to track the S&P 500 with a 50% lower carbon footprint and 60% lower greenhou...