ETF offers access to the Nikkei Stock Average Index for the first time…..
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A new equity index ETF issued by db X-trackers has been tradable in Deutsche Börse’s XTF segment since Monday.
ETF name: db X-trackers Nikkei 225 UCITS ETF (DR)
Asset class: equity index ETF
ISIN: LU0839027447
Total expense ratio: 0.50 percent
Distribution policy: distributing
Benchmark: Nikkei Stock Average Index
The db X-trackers Nikkei 225 UCITS ETF (DR) allows investors to participate for the first time in the performance of the Nikkei Stock Average Index. The reference index comprises the 225 largest stock corporations on the Tokyo Stock Exchange, which are checked at regular intervals with regard to market liquidity factors and sector weighting. The trading volume and the level of price volatility in the last five years are taken into account when assessing market liquidity. The most liquid stock corporations are then assigned to the six sectors: technology, financials, consumer goods, materials, capital goods/other and transportation/utilities.
Source: ETFWorld.co.uk
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