Invesco ETF launches one new MDAX ETF on LSE

Invesco ETF Launches one new MDAX ETF on London Stock Exchange

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Gary Buxton, Head of ETFs and Index Strategies for EMEA and APAC at Invesco

Invesco MDAX UCITS ETF Acc

The Invesco MDAX UCITS ETF aims to provide the net total return performance of the MDAX® Index, less the impact of fees.

The Index is comprised of 50 medium-sized German public limited companies from all industries that rank directly below the 40 large-sized companies (based on market capitalisation and order book turnover) which comprise the DAX.

The fund aims to achieve its objective by buying and holding, as far as possible and practical, all the securities in the index in their respective weightings. The fund will aim to rebalance its holdings whenever the index is rebalanced. This method is referred to as full physical replication.

This ETF is passively managed.

Source: ETFWorld.co.uk