- ETF focuses on dividend yield and historical volatility of European stock corporations in the STOXX Europe 600 index
A new equity index fund issued by Ossiam has been tradable on Xetra and Börse Frankfurt since Tuesday.
ETF name: Ossiam iStoxx Europe Minimum Variance High Dividend NR - UCITS ETF 1D (EUR)
Asset class: equity index ETF
ISIN: LU1254455949
Total expense ratio: 0.65 percent
Distribution policy: distributing
Benchmark: iStoxx Europe Minimum Variance High Dividend Index
The Ossiam iStoxx Europe Minimum Variance High Dividend NR UCITS ETF enables investors to participate in the performance of STOXX Europe 600 corporations that offer high dividend yields and have sufficient liquidity. An additional optimisation process takes account of the historical volatility of equities as well as their correlation level in order to minimise the volatility of the reference index.
At the time of index composition, no single stock may be represented by more than 4.5 percent, no sector by more than 20 and no single country by more than 50 percent. Moreover, it is ensured that the index is composed of at least 30 stocks.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,153 exchange traded funds. This selection, together with an average monthly trading volume of around €15 billion, makes Xetra Europe’s leading trading venue for ETFs.
