First ETF from Axxion with a focus on 25 international quality companies
The first ETF issued by Axxion has been tradable on Xetra and via Börse Frankfurt since Friday.
The Frankfurt UCITS-ETF Modern Value from Axxion offers investors diversified exposure to 25 quality companies from different industries worldwide, which have a strong ownership structure and are referred to as “moat companies”. These are companies with a stable and secure business model that stand out from the competition with significant competitive advantages. When selecting the companies, fundamental key figures such as a healthy balance sheet, a consistent and above-average return on equity and a low level of debt ratio are taken into account. All 25 companies are equally weighted in the reference index.
|Name||Asset class||ISIN||Ongoing charges||Distribution policy||Reference index|
|Frankfurt UCITS-ETF Modern Value||Equity ETF||LU2439874319||0.52 per cent||distributing||Frankfurter Modern Value Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,972 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.