New db x-trackers equity index ETF launched on Xetra
A new db x-trackers exchange traded fund from Deutsche Asset & Wealth Management – the db x-trackers MSCI North America High Dividend Yield Index UCITs ETF – has launched in the XTF segment on Xetra.
The new ETF allows investors to participate for the first time in the performance of Canadian and US companies that distribute above-average dividends.
The benchmark on which the ETF is based comprises various companies from the large and mid-cap sector whose free float market capitalisation accounts for around 85 per cent of the relevant market. It only includes stocks with a dividend yield that is at least 30 per cent above the base index.
The weighting of the securities in the index is reviewed and adjusted quarterly.
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