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Xtrackers launches 600 European companies ETF on Xetra

DWS Xtrackers has launched an ETF based on the STOXX 600 Index on Xetra and Börse Frankfurt.

The firm writes that the equity ETF allows investors to participate in the performance of the STOXX 600 Index, which comprises shares from 600 large, mid and small cap companies from western Europe. Index components are weighted based on their relative size, with a maximum of 20 per cent. The ETF uses a hedging strategy to minimise the exchange rate risk between the base currency of the index components and the euro.
Annual fees are 0.25 per cent with an accumulating distribution policy.

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