ETF tracks performance of most liquid Japanese companies with low variance…
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A new equity index fund issued by Ossiam has been tradable in Deutsche Börse’s XTF segment via Xetra and Börse Frankfurt since Wednesday, 9 March.
ETF name: Ossiam Japan Minimum Variance NR – UCITS ETF Hedged Index 1C (EUR)
Asset class: equity index ETF
Total expense ratio: 0.65 per cent
Distribution policy: accumulating
Benchmark: Japan Minimum Variance Euro Hedged Index
The new Ossiam Japan Minimum Variance ETF enables investors to participate in the performance of the most liquid Japanese stock corporations in the S&P/TOPIX 150 Index and to benefit from currency hedging of the yen against the euro. Companies from the reference index are selected with the aim of minimising expected volatility.
The stocks are chosen on the basis of historical volatility, as well as their correlation level, and weighted according to an optimisation process. No single stock may be represented in the index withby more than 4.5 per cent. Individual sectors are not allowed to exceed 20 per cent.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,132 exchange traded funds. This selection, together with an average monthly trading volume of around €16 billion, makes Xetra Europe’s leading trading venue for ETFs.