A new ETF iussed by Deutsche Asset Management is tradable on Xetra and Börse Frankfurt as of Thursday…..
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The Xtrackers MSCI USA UCITS ETF 2C – EUR Hedged Distribution gives investors access to large and medium-sized US stock corporations.
The reference index currently comprises 631 shares and coversroughly 85 percent of US market capitalisation. The ETF uses a hedging strategy to minimise the exchange rate risk between the US dollar and the euro.
Name: Xtrackers MSCI USA UCITS ETF 2C – EUR Hedged Distribution
Asset class: equity index ETF
Ongoing charges p.a.: 0.12 percent
Distribution policy: distributing
Reference index: MSCI Total Return Net USA Index
The MSCI Total Return Net USA Index which is designed to reflect the performance of the shares of certain companies in the USA.
The companies making up the Index are large and medium sized companies based on the combined value of a company’s readily available shares as compared to other companies.
The Index aims to represent 85% of the readily available shares in each industry sector in the USA market.
A company’s weighting on the Index depends on its relative size.
The Index is calculated on a total return net basis which means that all dividends and distributions by the companies are reinvested in the shares after tax. The Index is reviewed and rebalanced at least quarterly.