Sign up for free newsletter

 

Germany flag

DeAWM lists db X-trackers Mittelstand & Midcap Germany ETF on the LSE

Wed, 02/07/2014 - 12:01

Deutsche Asset & Wealth Management (DeAWM) has listed its exchange-traded fund (ETF) providing exposure to Germany’s famous Mittelstand companies on the London Stock Exchange.

db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR) initially listed in Germany in March, but with its London listing is now readily accessible for UK investors.  
 
German Mittelstand companies are small and medium-sized enterprises that are typically known for their concentration on niche market segments, for having a long-term business development outlook with close ties between the founder, or founding family, the management and the company, and often with international product distribution.
 
All companies in the index tracked by the ETF are listed and are therefore not privately owned. However, those classified as Mittelstand retain strong links between founders or founding family and management. This may mean, for example, that the company’s founders retain a substantial proportion of the company’s shares and can therefore influence corporate development.
 
Arne Noack, DeAWM’s head of exchange-traded product development, EMEA, says: “This ETF lets UK investors gain direct exposure to an index tracking the Mittelstand and other German mid-caps, which are seen by many as the backbone of the German economy.”
 
db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR) is a direct, physical replication ETF. 
 


Subscribe to free daily newsletter
latestjobs
Junior Sales to Corporates (FX/IR)

Sat, 28 Feb 2015 00:00:00 GMT

VP IG Credit Sales, NA Investment Bank

Sat, 28 Feb 2015 00:00:00 GMT

Head Compliance- Asset Management

Sat, 28 Feb 2015 00:00:00 GMT

events
1 day 59 min from now - Florida
4 days 59 min from now - San Francisco
4 days 59 min from now - London
specialreports