Press releases 2013
First DAX ETF launches on London Stock Exchange
- ETF will give investors direct exposure to leading German stocks
- First ever DAX-based Exchange Traded Fund to list in London
London Stock Exchange today welcomes the db x-trackers DAX UCITS ETF (DR), the first Exchange Traded Fund (ETF) based on DAX, the blue-chip German equity index, to list in London. Launched by Deutsche Asset & Wealth Management, the physical ETF will give UK-based investors their first ever opportunity to gain direct exposure, via an exchange traded product, to the leading German index.
DAX-based ETFs are exceptionally popular in their domestic market, Germany, where they dominate as the most traded ETFs. The DAX index reflects the largest and most actively traded German companies listed on the Frankfurt Stock Exchange, including global brands such as Siemens, SAP, Bayer and Volkswagen.
Gillian Walmsley, Head of Fixed Income and Exchange Traded Products at London Stock Exchange, said:
“This is an exciting day for ETF investors in the UK. Private investors in particular have until now been unable to get direct exposure to the DAX index via a London-listed ETF. This new ETF will give them access to some of the world’s leading companies and brands. This first DAX ETF is testament to London’s continuing ability to offer the widest diversity of products and investor access to overseas markets.”
Manooj Mistry, Deutsche Asset & Wealth Management’s Head of Exchange Traded Products, EMEA, commented:
“We’re seeing demand from investors for German equity exposure on the back of the positive performance of the German economy. Our db x-trackers DAX UCITS ETF (DR) has a total expense ratio of 0.15% and efficiently replicates the index directly. It should appeal to a wide range of investors.”
The db x-trackers DAX UCITS ETF (DR) trades in Sterling is a full physical ETF, directly replicating the performance of the index by purchasing the underlying physical securities. The ETF has UK reporting fund status and is ISA and SIPP eligible.
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For further information:
+44 (0)20 7797 1222
Notes to editors:
Product Name: db x-trackers DAX UCITS ETF (DR)
Total Expense Ratio: 0.15%
Trading Currency: Sterling
Fund Currency: Euros
Ticker: XDDX LN
Sedol: BCBV5D3 GB
ISA/SIPP eligible: Yes
UCITS Compliant: Yes
Reporting Fund Status: Yes
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European MTF, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.
The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS, as well as access to over 200,000 international equity, bond and alternative asset class indices, through LSEG’s world leading index provider, FTSE.
London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.
Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.
Further information on London Stock Exchange Group can be found at: www.lseg.com