An exchange-traded note issued by WestLB has begun trading on Xetra.
WestLB is the third issuer to join Deutsche Börse’s ETN segment.
ETNs track the performance of reference indices outside of the commodities sector.
The Index Plus ETN Dax enables investors to participate in the performance of the Dax performance index with outperformance of 0.20 per cent p.a. There is no management fee.
Dax is the fourth largest underlying for derivatives in the world. It is calculated by Deutsche Börse and tracks the performance of the 30 largest German companies in terms of order book turnover and market capitalisation.