DWS Xtrackers has listed a new MSCI China Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)
By ETFWorld.co.uk
Simon Klein, Global Head of Passive Sales at DWS.
Xtrackers MSCI China UCITS ETF
The fund is passively managed. The aim is for your investment to reflect the performance of the MSCI China TRN Index which is designed to reflect the performance of the shares of certain companies in or connected to China. The companies making up the index are large and medium sized companies, based on the combined value of a company’s readily available shares as compared to other companies.
The index includes companies incorporated in the People’s Republic of China (PRC), and listed on eligible stock exchanges as well as companies which are not incorporated in the PRC, but are controlled by individuals or state or other public entities in the PRC, or derive 80% of their revenue or hold 60% of their assets in the PRC and are listed on the Hong Kong Stock Exchange. The index is calculated on a total return net basis which means that all dividends and distributions by the companies are reinvested in the shares after tax.
The index is reviewed and rebalanced at least quarterly. To achieve the aim, the fund will attempt to replicate the index by buying all or a substantial number of the securities in the index. The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of derivatives. The fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the fund. The currency of the fund is USD. The fund distributes up to four times per annum.
| Product Name | Xtrackers MSCI China UCITS ETF |
| ISIN | LU2456436083 |
| SEDOL | BR047W1 |
| Trading Currency | GBP |
| Underlying | MSCI China TRN Index |
| Management Fee | 0.30% |
Source: ETFWorld.co.uk
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