Two new db x-trackers index funds from Deutsche Bank’s ETF offering have been tradable on Xetra since Thursday.
ETF name: db x-trackers Stiftungs-ETF Stabilität
Asset class: Multi-asset index ETF
ISIN: IE00B4WRDS59
Total expense ratio: 0.75 percent
Distribution policy: distributing
Benchmark: db Stiftungs-ETF Stabilität Index
ETF name: db x-trackers Stiftungs-ETF Wachstum
Asset class: Multi-asset index ETF
ISIN: IE00B3Y8D011
Total expense ratio: 0.75 percent
Distribution policy: distributing
Benchmark: db Stiftungs-ETF Wachstum Index
The underlying indices for the new db x-trackers ETFs are db Stiftungs-ETF Stabilität and db Stiftungs-ETF Wachstum. For the first time, investors are able to participate in the performance of a balanced and diversified portfolio of ETFs based on equities, fixed-income securities, goods and alternative investments.
Both the stability and the growth strategy aim to generate capital growth and limit volatility by exploiting the correlations between the asset classes they contain. The weighting of the individual asset classes is determined on a quarterly basis. The minimum weighting of fixed-income securities in the db Stiftungs-ETF Stabilität Index is currently 75 percent. In the db Stiftungs-ETF Wachstum Index it is 65 percent. The proportion of equities is limited to 20 percent in the db Stiftungs-ETF Stabilität Index and 30 percent in the db Stiftungs-ETF Wachstum Index, with a minimum of 5 percent. Goods and alternative investments may have a weighting of 10 percent or 5 percent in the respective indices.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 803 exchange-listed ETFs, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €13 billion, makes Xetra Europe’s leading trading venue for ETFs.
