Two new equity index ETFs issued by db X-trackers – db X-trackers S&P Equal Weight ETF and the db X-trackers ATX ETF – have been tradable in Deutsche Börse’s XTF segment since Wednesday.
The db X-trackers S&P Equal Weight ETF enables investors for the first time to participate in the performance of 500 US companies in the S&P 500 index. All companies in the index have a fixed weighting of 0.2%. Dividends and distributions are reinvested after tax deductions.
The investment objective of the db X-trackers ATX ETF is to track the performance of 20 Austrian companies which represent all key sectors. The performance index is weighted according to market capitalisation and takes dividends and distributions into account after deduction of any tax.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 920 exchange-listed index funds, while the average monthly trading volume stands at EUR16 billion.
