XEWE, or the Xtrackers S&P 500 Equal Weight ESG UCITS ETF, is a kind of exchange-traded fund (ETF) that gives balanced exposure to the S&P 500 with a focus on environmental,... moreXEWE, or the Xtrackers S&P 500 Equal Weight ESG UCITS ETF, is a kind of exchange-traded fund (ETF) that gives balanced exposure to the S&P 500 with a focus on environmental, social, and governance (ESG) criteria. Which means that companies included in this ETF are selected based on their adherence to sustainable practices, such as for instance minimizing their environmental impact and ensuring responsibleXewe.One of many primary benefits of XEWE is its equal-weight methodology, which allocates the same add up to each of the 500 companies in the S&P 500, as opposed to traditional ETFs that weigh companies based on the market capitalization. This approach reduces concentration risk, since it limits the influence of larger companies, providing a more diversified portfolio.In addition to its diversification benefits, XEWE aligns with the growing trend of ESG investing, which aims to guide companies with ethical business practices. ESG-focused investments have already been shown to potentially enhance... less