Deutsche Asset & Wealth Management has listed its exchange-traded fund (ETF) providing exposure to Germany’s famous ‘Mittelstand’ companies on the London Stock Exchange….
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db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR) initially listed in Germany in March of this year, but with its London listing is now readily accessible for UK investors.
German Mittelstand companies are small and medium-sized enterprises that are typically known for their concentration on niche market segments, for having a long-term business development outlook with close ties between the founder, or founding family, the management and the company, and often with international product distribution. All companies in the index tracked by the ETF are listed and are therefore not privately owned. However, those classified as Mittelstand retain strong links between founders or founding family and management. This may mean, for example, that the company’s founders retain a substantial proportion of the company’s shares and can therefore influence corporate development.
Arne Noack, DeAWM’s head of exchange-traded product development, EMEA, commented: “This ETF lets UK investors gain direct exposure to an index tracking the Mittelstand and other German mid-caps, which are seen by many as the backbone of the German economy.”
db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR) is a direct, physical replication ETF.
Four other db X-trackers ETFs have also cross-listed to the London Stock Exchange from Deutsche Börse. This includes an ETF providing direct, physical replication exposure to the MSCI AC World Index, and one providing exposure to North American high dividend stocks. Also cross-listing is the db x-trackers MSCI USA Index UCITS ETF (DR), which provides broad exposure to US equities with an All-in Fee (TER) of 0.07% per annum, and which has had its All-in Fee reduced from 0.09% per annum.
Meanwhile, the db x-trackers II Barclays Global Aggregate Bond UCITS ETF has also cross-listed to London. This ETF, which listed on the Deutsche Börse in March, provides exposure to the investment grade fixed-rate debt market on a global basis, tracking the global market for government, governmental, supranational, corporate, asset-backed and mortgage-backed securities across the full spectrum of maturities.
Source: ETFWorld.co.uk
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