ETFWorld: DWS launches an ETF on Xetra and Börse Frankfurt

A new ETF issued by DWS is tradable on Xetra and Börse Frankfurt as of Tuesday….

This equity ETF allows investors to participate in the performance of the STOXX 600 Index, which comprises shares from 600 large, mid and small cap companies from western Europe. Index components are weighted based on their relative size, with a maximum of 20 percent. The ETF uses a hedging strategy to minimise the exchange rate risk between the base currency of the index components and the euro.

Name: Xtrackers Stoxx Europe 600 UCITS ETF 2C-EUR Hedged

Asset class: equity ETF

ISIN: LU1772333404

Ongoing charges: 0.25 percent

Distribution policy: accumulating

Benchmark index: STOXX Europe 600 Index

Source: ETFWorld

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