iShares has launched the EURO STOXX 50 ex-Financials UCITS ETF EUR (Dist) on Xetra and Börse Frankfurt.
The ETF is designed to offer investors the opportunity to participate in the performance of the 50 largest stock corporations in the euro zone, excluding companies belonging to the financial sector. The stock corporations are selected based on market capitalisation, liquidity and sector relevance. The reference index currently comprises stock corporations from eleven different euro zone countries.
The new ETF has ongoing charges of 0.20 per cent and a distributing distribution policy.