←All strategies

Global ESG

Invest according to your values

SimpleLong termESGTOB 0.12%

Global exposure to developed markets with an ESG filter that excludes controversial companies (weapons, tobacco, thermal coal). Historical performance close to the unfiltered global market.

Key facts

TOB0.12%on purchase and sale
Weighted average TER0.20%annual management fees
Securities (~)~700companies worldwide
Historical return~8.3% / yr2005–2025
Reynders taxNot applicable
DividendsAuto-reinvested

Slightly outperformed IWDA since 2012 (+0.4%/year) thanks to the exclusion of sectors that underperformed (fossil fuels, tobacco). Data prior to 2012 is based on a backtest, not real data. This outperformance is not guaranteed in the future.

Portfolio composition

XMAW100%Acc.

Xtrackers MSCI World ESG Screened UCITS ETF (Acc)

ISIN: IE00BK5BQV03

TER 0.20%View on justETF↗

Average yearly return

Index · EUR · gross · past performance
1 yr
+7.0%
3 yrs
+16.7%
5 yrs
+13.2%
10 yrs
+12.4%

Source: MSCI World ESG Screened Index (EUR, net dividends reinvested). Annualized returns to end-2025, EUR, gross of Belgian taxes (TOB, précompte mobilier, CGT) and ETF fees (TER). Past performance does not guarantee future results.

Why this strategy?

  • 1ESG Screened exclusions: XMAW excludes companies involved in controversial weapons, tobacco, thermal coal, and companies with serious ESG standard violations — about 10 to 15% of MSCI World companies are filtered out.
  • 2Market-like performance: the MSCI World ESG Screened index has historically tracked the classic MSCI World very closely — exclusions have not significantly penalised the 20-year return.
  • 30.12% TOB and accumulating fund: same tax advantages as IWDA — no withholding tax on dividends, reduced TOB.
  • 4"Screened" vs "SRI" approach: XMAW applies a light exclusion filter (major controversies) rather than a strict positive ESG score — which maintains broad diversification while excluding the most problematic cases.

Alternatives & comparisons

SUWS

iShares MSCI World SRI UCITS ETF Acc

TER 0.20%TOB 0.12%Acc.
IE00BYX2JD69↗

Advantages

  • +Stricter SRI criteria (positive ESG score required)
  • +Same iShares issuer = reliability
  • +0.12% TOB

Disadvantages

  • −Smaller investment universe (~400 titles)
  • −Historically more volatile than XMAW
  • −Performance may deviate more from the market
Verdict : For investors desiring more demanding ESG criteria, at the cost of less diversification.
XDEQ

Xtrackers MSCI World ESG Screened Swap UCITS ETF Acc

TER 0.07%TOB 0.12%Acc.
IE00BZ0PKT83↗

Advantages

  • +Very low TER (0.07%) — the cheapest among global ESG ETFs
  • +Same ESG Screened exclusions as XMAW
  • +0.12% TOB

Disadvantages

  • −Synthetic replication (swap) — residual counterparty risk
  • −Lower AUM
  • −Limited history
Verdict : Excellent for reducing costs while keeping a similar ESG filter — if you are comfortable with synthetic replication.
IWDA

iShares Core MSCI World UCITS ETF Acc

TER 0.20%TOB 0.12%Acc.
IE00B4L5Y983↗

Advantages

  • +Higher liquidity (~€80bn AUM)
  • +No ESG selection constraints

Disadvantages

  • −No ESG filter — includes all industries
  • −Same TER as XMAW for broader exposure
Verdict : If ESG criteria are secondary for you, IWDA offers maximum liquidity at the same cost.

Tax disclaimer

0.12% TOB on purchase and sale. 10% capital gains tax on annual net gains exceeding the €10,000 exemption — only the excess above this threshold is taxed at 10%. The unused portion of the exemption can be carried forward (maximum €1,000 per year over 5 years), allowing to reach an exemption ceiling of €15,000 in a given year. Accumulating funds: no annual withholding tax on automatically reinvested dividends. Rates used are indicative — past performance does not guarantee future results.
Simulate this strategy→How to buy this ETF? →All strategies