db X-trackers Nikkei 225 launched on Xetra
A new equity index exchange traded fund, the db X-trackers Nikkei 225 Ucits ETF, has been tradable in Deutsche Börse’s XTFsegment since Monday. The ETF has also been listed on the London Stock Exchange and the Borsa Italiana.
The new ETF allows investors to participate for the first time in the performance of the Nikkei Stock Average Index.
The reference index comprises the 225 largest stock corporations on the Tokyo Stock Exchange, which are checked at regular intervals with regard to market liquidity factors and sector weighting.
The trading volume and the level of price volatility in the last five years are taken into account when assessing market liquidity.
The most liquid stock corporations are then assigned to the six sectors: technology, financials, consumer goods, materials, capital goods/other and transportation/utilities.
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