New iShares ETFs on Xetra: Distributing share classes on DAX, MDAX and TecDAX
Three new exchange traded funds issued by iShares have been tradable on Xetra and Börse Frankfurt since Thursday.
The iShares Core DAX UCITS ETF (DE) EUR (Dist), the iShares MDAX UCITS ETF (DE) EUR (Dist) and the iShares TecDAX UCITS ETF (DE) EUR (Dist) give investors access to the most important benchmarks of the German equity market. Investors can choose to invest in the 30 DAX, 60 MDAX or 30 TecDAX stocks. In addition to the already available accumulating share classes, iShares now offers the distributing alternatives, in which accruing dividend income is paid out to investors.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,649 ETFs. With this selection and an average monthly trading volume of around EUR16.5 billion, Xetra is the leading trading venue for ETFs in Europe.