A new exchange-traded fund from Deutsche Asset & Wealth Management – the db x-trackers Mittelstand & MidCap Germany UCITS ETF – is now trading on Xetra.
The new fund enables investors to participate in the performance of German Mittelstand companies.
The benchmark on which the ETF is based comprises 70 companies from the mid-cap sector.
The German companies with a primary listing on Xetra in places 31 to 100 based on their free float market capitalisation are included. Companies from the banking and insurance sector and the diversified financial products segment in the reference index are excluded. The weighting of a single security is limited to a maximum of 10 per cent.