DWS Xtrackers lists a new ETF to the London Stock Exchange

DWS Xtrackers has listed a new exchange traded fund (ETF) to the LSE (London Stock Exchange)

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By ETFWorld.co.uk

Xtrackers MSCI World Financials UCITS ETF

Objectives and investment policy

The fund is passively managed. The aim is for your investment to reflect the performance, before fees and expenses, of the MSCI World Financials 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 financials sector.

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. To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index. T

he 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. Returns and gains are not distributed but are reinvested in the fund.

Source: ETFWorld.co.uk