A new exchange traded fund from Wisdom Tree has been tradable on Xetra and via the Frankfurt Stock Exchange since Tuesday.
With the WisdomTree Global Automotive UCITS ETF, investors have the opportunity to participate in the performance of companies that are predominantly active in the global automotive and future mobility industry.
When selecting the companies, the innovation and sustainability strategy as well as the competitiveness of a company are evaluated. Furthermore, five fundamental data are used: Value, Quality, Stability, Growth and Dynamism. Both evaluation approaches result in an overall score. The 100 best companies are taken into account, which are then weighted according to their market capitalisation.
Companies that violate environmental, social and governance criteria are not considered.
|Name||Asset class||ISIN||Ongoing charges||Distribution policy||Reference index|
|WisdomTree Global Automotive UCITS ETF-USD Acc||Equity ETF||IE000TB3YTV4||0.45 percent||accumulating||WisdomTree Berylls LeanVal Global Automotive Innovators UCITS Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,942 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.