A new db x-trackers from the ETF section of Deutsche Asset & Wealth Management has been tradable in the XTF segment on Xetra since Monday….
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ETF name: db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR)
Asset class: equity index ETF
ISIN: IE00B9MRJJ36
Total expense ratio: 0.40 percent
Distribution policy: distributing
Benchmark: Solactive Mittelstand & MidCap Deutschland TRN Index
The db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR) enables investors to participate in the performance of German Mittelstand companies. The benchmark on which the ETF is based comprises 70 companies from the mid-cap sector.
The German companies with a primary listing on Xetra in places 31 to 100 based on their free float market capitalisation are included. Companies from the banking and insurance sector and the diversified financial products segment in the reference index are excluded. The weighting of a single security is limited to a maximum of 10%.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,041 exchange traded funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €10 billion, makes Xetra Europe’s leading trading venue for ETFs.
Source: ETFWorld.co.uk
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