Exchange-traded product provider Source has unveiled an ETF tracking the DAX index on the Deutsche Boerse.
The DAX Source ETF aims to deliver the performance of the DAX total return index by directly investing in the shares of the constituent German companies. The direct investment method or traditional replication employed by Source for this fund deviates from the firm's usual swap-based approach for its range of ETFs. The firm says direct investment in the DAX reflects the relative simplicity of replicating this benchmark. The DAX index consists of 30 German blue chip stocks traded on Xetra, the Frankfurt stock exchange. The benchmark represents around 80% of the market capitalisation...
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