New iShares ETF on Xetra: Saudi Arabian Companies
New iShares ETF on Xetra: Saudi Arabian Companies
Since Thursday a new Exchange Traded Fund of iShares is tradable via Xetra and Börse Frankfurt.
The iShares MSCI Saudi Arabia Capped UCITS ETF (Acc) offers investors in Europe for the first time the opportunity to invest in companies from Saudi Arabia with large to medium market capitalisation. The fully replicating ETF tracks the MSCI Saudi Arabia 20/35 index, in which the largest issuer has a maximum weighting of up to 35 percent. The other issuers have a maximum weight of up to 20 per cent. This concept enables a diversified index composition. Earnings of the companies in the ETF are distributed.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
iShares MSCI Saudi Arabia Capped UCITS ETF (Dis) | Equity ETF | IE00BJ5JPJ87 | 0.60 per cent | Distributing | MSCI Saudi Arabia 20/35 Index |
The product range in Deutsche Börse's XTF segment currently comprises a total of 1,432 ETFs. With this selection and an average monthly trading volume of around 12 billion euros, Xetra is the leading trading platform for ETFs in Europe.