Two new db x-trackers issued by Concept Fund Solutions plc from the ETF section of Deutsche Asset & Wealth Management have been tradable in the XTF segment of Xetra since Friday.
ETF name: db x-trackers MSCI Nordic Index UCITS ETF (DR)
Asset class: equity index ETF
ISIN: IE00B9MRHC27
Total expense ratio: 0.30 percent
Distribution policy: distributing
Benchmark: MSCI Nordic Total Return Net Index
ETF name: db x-trackers MSCI Turkey Index UCITS ETF (DR)
Asset class: equity index ETF
ISIN: IE00B9L63S81
Total expense ratio: 0.65 percent
Distribution policy: distributing
Benchmark: MSCI Turkey Total Return Net Index
The db x-trackers MSCI Nordic Index UCITS ETF (DR) tracks the performance of the largest and best-performing companies from the Scandinavian equity market (Denmark, Finland, Norway and Sweden). All stocks included in the reference index are measured against the total value of freely available shares in a company compared with other companies. Only large and mid-caps are considered. The reference index is a total net return index, which means that both dividends and distributions by the companies are reinvested in shares after the deduction of any tax. The composition of the index is reviewed at least quarterly.
The MSCI Turkey Index UCITS ETF enables investors to participate in the performance of large and mid-caps on the Turkish equity market. The index comprises 24 stocks and covers approximately 85% of the entire Turkish equity market. The underlying reference index largely comprises stock from the financial, consumer goods, industrial and telecommunications sectors.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,031 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €11 billion, makes Xetra Europe’s leading trading venue for ETFs.