Since Thursday, a new exchange traded fund of the issuer Rize ETF is tradable via Xetra and Börse Frankfurt.
The Rize Digital Payments Economy UCITS ETF – USD Acc gives investors access to companies worldwide that earn a significant portion of their revenue from the digital payment ecosystem. In addition to traditional card payment networks such as Visa or Master Card, the index also includes payment services and solutions providers such as PayPal, as well as payment processors and infrastructure providers that produce the necessary hardware and software, but also providers of payment services and pioneers in the field of crypto currencies such as Coinbase. The weighting of an individual stock is based on liquidity criteria and the share generated by digital payments compared to total revenue.
|Name||Asset class||ISIN||On-going charges||Distribution policy||Reference index|
|Rize Digital Payments Economy UCITS ETF – USD Acc||Equity ETF||IE00BLRPRQ96||0.45 per cent||Accumulating||Foxberry Digital Payments Economy Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,733 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.