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ETFX DAXglobal Shipping Fund (SHIP)
Investment objective
ETFX DAXglobal Shipping Fund is designed to track the performance of the DAXglobal® Shipping Index.
About the Index
The DAXglobal Shipping Index consists of companies that are primarily engaged in freight transport via waterways and freighter shipbuilding. The selection criteria for the DAXglobal Gold Miners index are market capitalization and the average daily exchange turnover for the last three months. The market capitalization of the index members must be at least USD 500 million, the average daily exchange turnover USD 2 million and the composite equities are given a maximum weighting of 15 percent.
About ETF Exchange (ETFX)
ETF Exchange is the world’s first 3rd Generation ETF Platform offering investor’s access to low cost swap backed ETFs with credit diversification across a number of participants rather than reliance on a single bank. As the banks, APs and market makers compete for business, true liquidity and competition is created.
ETF Securities is working with: Bank of America Merrill Lynch, Barclays Capital, Citi, and Rabobank International who are participants on the platform, acting as distribution partners, authorised participants and swap providers.
To find out more about Third Generation ETFs click here.
To find out more about ETFX Partners click here.
Daily security data
Key facts
| Inception date |
November '08 |
| Management fee |
0.65% |
| Currency |
USD |
| Minimum investment |
One security |
| Legal Form |
Exchange traded fund, UCITS III Fund |
| Taxes |
No stamp duty or SDRT |
| Index |
DAXglobal® Shipping (TR) USD |
Trading information
| Exchange |
London Stock Exchange |
| Exchange code |
SHIP |
| Bloomberg code |
SHIP LN |
| Reuters code |
SHIP.L |
| SEDOL |
B3CPX60 |
| ISIN |
IE00B3CMS880 |
Allocation
Index Disclaimers: The ETFX DAXglobal Shipping Fund is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the “Licensor”). The Licensor does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the DAXglobal® Shipping Index and/or the term DAXglobal® (the “Index Trademark”) nor regarding the DAXglobal® Shipping Index value at a certain point in time or on a certain date nor in any other respect. The DAXglobal® Shipping Index is calculated and published by the Licensor. Nevertheless, as far as admissible under statutory law the Licensor will not be liable vis-à-vis third parties for potential errors in the DAXglobal® Shipping Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential errors in the DAXglobal® Shipping Index. Neither the publication of the DAXglobal® Shipping Index by the Licensor nor the granting of a license to the Company’s Promoter regarding the DAXglobal® Shipping Index as well as the Index Trademark for the utilisation in connection with the ETFX DAXglobal Shipping Fund, which is derived from the DAXglobal® Shipping Index, represents a recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor with respect to the attractiveness on an investment in the ETFX DAXglobal Shipping Fund. In its capacity as sole owner of all rights to the DAXglobal® Shipping Index and the Index Trademark the Licensor has solely licensed to the Promoter of the ETFX DAXglobal Shipping Fund the utilisation of the DAXglobal® Shipping Index and the Index Trademark as well as any reference to the DAXglobal® Shipping Index and the Index Trademark in connection with the ETFX DAXglobal Shipping Fund. A list of all Funds of the Company currently authorised by the Financial Regulator is contained in the Fund Schedule Supplement.
Disclaimer: None of, BofA Merrill Lynch, Barclays Capital, Citi, or Rabobank International accept any responsibility or liability for the content of this communication.
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