New on Xetra: equity ETFs from Invesco offer access to the European equity market with equally weighted stocks
New on Xetra: equity ETFs from Invesco offer access to the European equity market with equally weighted stocks
Since Friday, two new exchange-traded funds issued by Invesco have been tradable on Xetra and Börse Frankfurt.
The Invesco MSCI Europe Equal Weight UCITS ETF provides access to a broadly diversified portfolio of large and mid-cap companies from 15 developed European countries. The weighting of the individual stocks is the same at the time of the quarterly rebalancing.
Currently, the reference index includes 414 companies from a variety of sectors, with the financial, industrial and consumer sectors being the most represented. Around 70 per cent of the companies are based in Germany, France, Sweden, Switzerland or the UK.
The ETF is available to investors in accumulating and distributing share classes.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
Invesco MSCI Europe Equal Weight UCITS ETF - Acc | Equity ETF | 0.20 per cent | accumulating | MSCI Europe Equal Weighted Index | |
Invesco MSCI Europe Equal Weight UCITS ETF - Dist | Equity ETF | 0.20 per cent | distributing | MSCI Europe Equal Weighted Index |
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,372 ETFs. With this selection and an average monthly trading volume of around €18 billion, Xetra is the leading trading venue for ETFs in Europe.