DWS lists one new World Utilities ETF to the LSE

DWS Xtrackers lists new World Utilities Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)

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By ETFWorld.co.uk

Xtrackers MSCI World Utilities UCITS ETF 1C

The fund is passively managed. The aim is for your investment to reflect the performance, before fees and expenses, of the MSCI World Utilities Total Return Net Index which is designed to reflect the performance of the listed shares of certain companies from various developed countries. The shares are issued by companies in the utilities sector, for example, power, water and gas services. A company’s weighting in the index depends on its relative size based on the combined value of a company’s readily available shares as compared to other companies. 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.

Source: ETFWorld.co.uk