A new exchange-traded equity index fund issued by Lyxor Asset Management has been tradable in Deutsche Börse’s XTF segment since Wednesday.
ETF name: Lyxor UCITS ETF Japan (TOPIX) – Daily Hedged D-EUR
Asset class: equity index ETF
ISIN: FR0011475078
Total expense ratio: 0.45 percent
Distribution policy: distributing
Benchmark: TOPIX Gross Total Return Index
The Lyxor UCITS ETF Japan (TOPIX) enables investors to participate in the performance of all Japanese equities that are admitted to official trading in the prime segment on the Tokyo Stock Exchange. A daily currency hedging strategy also hedges the ETF against exchange rate fluctuations between the euro and the Japanese yen. The TOPIX price index is weighted by market capitalisation and currently comprises over 1,600 Japanese stock corporations.
The product offering in Xetra’s XTF segment currently comprises 1,034 exchange-traded index funds, making it the largest offering of all European stock exchanges. With this offering and an average monthly trading volume of around €11 billion, Deutsche Börse’s XTF segment is the leading trading venue for ETFs in Europe.
Xetra® and XTF® are registered trademarks of Deutsche Börse AG.
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