A new exchange-traded fund issued by Global X has been tradable on Xetra and via Börse Frankfurt since Friday.
The Global X Silver Miners UCITS ETF gives investors access to companies worldwide that are active in the silver mining industry. These include silver mining, refining and exploration. Companies are weighted by free float and market capitalisation, with a maximum cap for any one company of 15 per cent.
Currently, the benchmark index includes 40 companies, with the most heavily represented being based in Canada, the USA, and the UK.
|Name||Asset class||ISIN||On-going charges||Distribution policy||Reference index|
|Global X Silver Miners UCITS ETF||Equity ETF||IE000UL6CLP7||0.65 per cent||accumulating||Solactive Global Silver Miners Total Return v2 Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,854 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.