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Press Release
Munich/Berlin, December 08, 2022

Sustainable ETFs are in demand among retail investors, so ETF providers are expanding and refining their ESG ETF offerings at a rapid pace. In the current year, a total of 232 newly passively managed ETFs were listed for the first time in Germany by Nov. 30, 2022. Of these, 144 ETFs (i.e. 62%) are sustainable ESG ETFs.

But not every ETF that carries the acronym ESG or a sustainability-related term as part of its product name is also based on a true sustainability index. In its ETF Finder for sustainable ETFs, the gettex exchange only considers products that firstly track an ESG index and secondly are classified by their providers as Article 8 or 9 ETFs in accordance with the EU Disclosure Regulation SFDR. All ESG ETFs selected by gettex comply without exception with the regulatory requirements for investors who have a sustainability preference, provided they request this as part of investment advice from banks and asset managers.

In the freely accessible gettex selection tool, sustainability-oriented investors can currently choose between a total of 525 passively managed sustainability ETFs: 2 money market ESG ETFs, 119 bond ESG ETFs and 404 equity ESG ETFs.

Investors can select different categories in the ESG ETF Finder via according to several selection criteria. These include criteria that provide answers to these questions: Is it an ESG ETF that can serve as the basis of an investment portfolio? Is a sustainability ETF market capitalization weighted? Does the sustainable ETF exclude securities lending?

Sustainable ETFs with specialized ESG approaches

gettex also distinguishes eight categories of so-called ESG Plus ETFs, which are based on a sustainable ESG index but combine this with additional targets such as lower carbon emissions or compliance with the Paris Climate Agreement.

1. CTB ETFs (so-called Climate Transition Benchmarks),
2. ESG Green Bond ETFs,
3. ESG Leaders ETFs,
4. ESG Low Carbon ETFs,
5. PAB ETFs (instead of the abbreviation “PAB”, the ETFs in this category are often also called Paris Aligned Climate (Benchmarks) or Net Zero 2050 ETFs),
6. SRI ETFs (so-called ETFs for Socially Responsible Investing),
7. SRI Low Carbon ETFs and
8. SRI PAB ETFs (ETFs that link responsible investing to the 2015 Paris climate goals).

ESG equity ETFs on broad market indices dominate

The most popular underlying indices for sustainable ESG equity ETFs are dominated by MSCI indices in the gettex filter. The two indices MSCI World and MSCI Europe serve 45 and 42 times respectively as the starting index for ESG equity ETFs derived from them. Around one in 5 ESG equity ETFs is therefore built on a sustainability variant of these market indices, which are highly valued by investors. Currently, 42 SRI low carbon ETFs, 56 PAB ETFs, and 72 SRI ETFs make up the three most commonly offered focus strategies among specialized ESG ETFs.

Dr. Robert Ertl, chief executive of the gettex exchange, comments on the ESG ETF tool:

“gettex makes the complicated world of sustainability ETFs more accessible to investors with its novel ESG filter. For the first time, the online tool allows investors to search for ESG ETFs that are Article 9 ETFs but forgo securities lending, for example.

It is a novelty that investors on gettex can choose between 265 so-called ESG Plus ETFs, which often even combine specialized ESG approaches and climate protection targets. At nearly 51%, these specialized sustainability products currently already make up the largest segment of all sustainable ESG ETFs.”

Dr. Markus Thomas of XENIX emphasizes:
“Private investors and asset managers will be able to compare the different categories of ESG ETFs more specifically with the gettex ESG ETF Finder. All of the current 525 sustainable ETFs meet the regulatory requirements for implementing an investment strategy with sustainability preferences.

To classify the ESG strategies, which are often referred to by very different names by the providers, we review the index methodologies and the sales prospectuses for gettex. The search tool is updated continuously.

ETF providers change their ESG index or change the names of their ESG ETFs relatively frequently. In the near future, we expect ETF providers to make relevant changes to their ESG ETFs, as from January 1, 2023, an ETF’s sustainability characteristics will have to be officially contractually assured in the sales prospectus. This makes the gettex finder all the more important for investors focused on sustainability.”

About gettex

gettex is a market maker supported trading model of the Munich Stock Exchange based on a proprietary trading system. The sponsor of the Munich Stock Exchange under public law is Bayerische Börse AG.

With more than 26,000 securities from all over the world, gettex offers the broad product range of a real stock exchange – without fees and without brokerage. The market maker for equities, funds, ETPs and bonds is the market leader among German market makers, Baader Bank AG.



Dr. Robert Ertl, Executive Board, Phone: +49 89 549045-617 ,,

About XENIX®

XENIX is a provider of qualitative ETF ratings, publisher of the XENIX ETF AWARDS and organizer of the XENIX ETF DAYS 2024 in Berlin. XENIX’s qualitative ETF ratings fully cover the ETF markets in Germany, Italy and Switzerland. The XENIX team assesses the quality of around 2,000 ETFs in a multi-stage process and classifies all ESG ETFs in Europe according to their different index methodologies and the regulatory requirements of the Taxonomy Regulation, SFDR and MiFid II.

Press contact
XENIX®, Dr. Markus Thomas, +49 177 384 5021,,

Legal Disclaimer: This press release is for informational purposes only and does not offer specific investment advice.
Status of all data on the German ETF market Nov. 30, 2022. All data without guarantee.