ETF from the Minimum Variance index family tracks the largest companies worldwide….
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A new index fund issued by Ossiam Lux to be tradable on Xetra from Monday.
ETF name: Ossiam ETF World Minimum Variance NR (EUR share class)
Asset class: equity index ETF
Total expense ratio: 0.65 percent
Distribution policy: non-distributing
Benchmark: Ossiam World Minimum Variance Index Net Return USD
Trading currency: euro
The Ossiam ETF World Minimum Variance from the Ossiam Minimum Variance Index series tracks for the first time the performance of the world’s most liquid companies from the five regional indices of the S&P Global 1200 Index: S&P 500, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50.
The broadly diversified portfolio is composed using a dynamic process. The selected shares are weighted in accordance with an optimisation process which creates high risk diversification and accordingly low variance.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1005 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €12 billion, makes Xetra Europe’s leading trading venue for ETFs.