EMCR vs EMCS

EMCRAXtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

EMCSAXtrackers MSCI Emerging Markets Climate Selection ETF

In short

EMCR A carbon-tilted way to own emerging markets wholesale: roughly 1,400 stocks screened for climate commitments, at 0.15% a year when the typical EM fund in its group charges more than triple that.

EMCS A screened take on emerging markets at core-tracker pricing: 0.15% a year for roughly 70 names carved out of a global selection index. Cheap enough to sit beside the plain-vanilla EM giants, narrow enough to look nothing like them.

Stated mandate

EMCR The fund seeks to track the performance of the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index NTR before fees and expenses.

EMCS The fund seeks results generally corresponding, before fees and expenses, to the performance of its MSCI climate-selection index. The index represents large- and mid-capitalization companies across emerging-market countries and applies ESG and climate screens.

Why people hold it

• EMCR Charges 0.15% a year against a 0.49% median for its emerging-market peer group, one of the cheapest tickets in the category.
• Roughly 1,400 names spread across emerging markets, so no single stock or country call carries the portfolio.
• The mandate is explicit: passive tracking of the Solactive ISS EM Carbon Reduction & Climate Improvers index, with the climate and ESG rules written into the prospectus.
• Undercuts the cohort's better-known tilts on fee: FNDE at 0.39% and XSOE at 0.32%, with EMCR priced under both.

• EMCS Costs 0.15% a year, well under the roughly 0.66% median for its EM index peer group and a fraction of EEM's 0.72%.
• Rules-based mandate, no discretion bolted on: it takes the emerging-market slice of a roughly 500-stock global selection index screened on climate and ESG criteria.sec.gov
• Concentrated on purpose: roughly 70 large- and mid-cap names instead of the several hundred in broad EM benchmarks, so the screens actually show up in the portfolio.
• Live since 2018 and one of the stronger implementations in its MSCI emerging-markets peer group.

Worth knowing

• EMCR Thinly traded next to the category's giants, so bid-ask spreads can run wider than the headline fee suggests.
• The screen reweights the book away from a plain EM index, so its sector and country mix departs from the standard benchmark.
• Pays on an annual or semiannual schedule, not monthly.

• EMCS Thinly traded next to the EM heavyweights like IEMG and EEM, so spreads can run wider and larger orders push the price around more.
• Renamed twice since launch (ESG Leaders, then Climate Selection, now Select), each time with index and objective changes. Read the current prospectus, not the old ticker's story.dws.com
• Cash comes once or twice a year rather than monthly, and a portfolio this narrow can drift from broad EM returns in either direction.

Full EMCR profile⁠

Full EMCS profile⁠