|
|
 |
| | | | | |
ETFX DAXglobal Steel Fund (STEE)
Investment objective
ETFX DAXglobal Steel Fund is designed to track the performance of the DAXglobal® Steel Index.
About the Index
The DAXglobal Steel index tracks the largest companies in the steel sector that generate at least 50 percent of their business from metal ore mines or steel production. 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® Steel Index TR (USD) |
Trading information
| Exchange |
London Stock Exchange |
| Exchange code |
STEE |
| Bloomberg code |
STEE LN |
| Reuters code |
STEE.L |
| SEDOL |
B3CJVJ1 |
| ISIN |
IE00B3CNJ002 |
Allocation
Index Disclaimers: The ETFX DAXglobal Steel 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® Steel Index and/or the term DAXglobal® (the “Index Trademark”) nor regarding the DAXglobal® Steel Index value at a certain point in time or on a certain date nor in any other respect. The DAXglobal® Steel 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® Steel Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential errors in the DAXglobal® Steel Index. Neither the publication of the DAXglobal® Steel Index by the Licensor nor the granting of a license to the Company’s Promoter regarding the DAXglobal® Steel Index as well as the Index Trademark for the utilisation in connection with the ETFX DAXglobal Steel Fund, which is derived from the DAXglobal® Steel 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 Steel Fund. In its capacity as sole owner of all rights to the DAXglobal® Steel Index and the Index Trademark the Licensor has solely licensed to the Promoter of the ETFX DAXglobal Steel Fund the utilisation of the DAXglobal® Steel Index and the Index Trademark as well as any reference to the DAXglobal® Steel Index and the Index Trademark in connection with the ETFX DAXglobal Steel 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.
|
|
|
