ETF Securities has launched three equity index funds and a commodity index fund on Deutsche Börse’s XTF segment.
The three equity index ETFs offer investors the opportunity to participate for the first time in the performance of the DAXglobal coal, shipping and steel USD indices.
Deutsche Börse’s DAXglobal index family tracks not only international equity markets, but also global subject areas and sectors, with each of the indices tailored to a specific investment area.
In November 2009, Deutsche Börse extended its DAXglobal international index family further with indices such as DAXglobal Coal, DAXglobal Shipping and DAXglobal Steel.
The indices contain between 20 and 35 companies that generate at least 50 per cent of their revenues in their given sector. The market capitalisation of the index members must be at least USD500m, and their average daily exchange turnover over the last three months must amount to USD2m. The stocks have a maximum weighting of 15 per cent in the index. The index composition is reviewed twice a year.
The commodity ETF allows investors to participate for the first time in the performance of the Dow Jones-UBS Commodity 3 Month Forward Total Return Index. This index tracks the performance of three-month futures and encompasses all commodity classes.