Since Thursday, a new exchange-traded fund issued by iShares is tradable on Xetra and via Börse Frankfurt.
The iShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) EUR (Acc) gives investors access to a stock portfolio of European automotive and supplier companies. The STOXX Europe 600 Index serves as a reference index.
This reference index currently includes 15 companies from Germany, Italy, France, Belgium, Sweden and the United Kingdom. They are weighted according to their market capitalisation. The four biggest positions are Mercedes-Benz Group, BMW, Stellantis, Ferrari and Volkswagen.
This is an accumulating asset class, which means that revenues are being reinvested.
|Name||Asset class||ISIN||Ongoing charges||Distribution policy||Reference index|
|iShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) EUR (Acc)||Equity ETF||DE000A2QP4A8||0.46 per cent||accumulating||STOXX Europe 600 Automobiles & Parts Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,045 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.