db X-trackers, Deutsche Bank’s exchange-traded funds platform, has launched an exchange-traded fund for Christians who wish to invest in line with their faith.
The db x-trackers Stoxx Europe Christian Index ETF (DR) tracks the performance of a basket of stocks selected to comply with the values and principles of Christianity.
Companies are chosen from the broader Stoxx Europe 600 Index, with suitability for inclusion determined by an independent Christian faith commission.
Companies active in certain areas, such as the arms trade or gambling, are excluded from the index.
“The db x-trackers Stoxx Europe Christian Index ETF (DR) is a meaningful addition to our product range, giving faith and ethics-driven investors the flexibility to invest in line with their beliefs,” says Thorsten Michalik, global head of db X-trackers.
“The Stoxx Europe Christian Index offers a broad coverage of European companies that act in an ethically and environmentally conscious and socially responsible manner and thus are in line with Christian values,” adds Hartmut Graf, chief executive officer of Stoxx. “By licensing the Stoxx Europe Christian Index, Deutsche Bank offers the first ETF based on the index.”
Unlike previously launched db x-trackers ETFs, the db x-trackers Stoxx Europe Christian Index ETF (DR) aims to replicate the performance of its underlying index by directly investing in a portfolio of liquid securities.
