New ETF: Access to the European automotive and components sector

iShares expands its range of ETFs and enables investors to invest in an equity portfolio of European automotive and supplier companies.
 

19 May 2023. FRANKFURT (Börse Frankfurt). A new exchange traded fund from iShares has been tradable on Xetra and the Frankfurt Stock Exchange since Thursday.

With the iShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) EUR (Acc), investors can invest in an equity portfolio of European automotive and supplier companies. The STOXX Europe 600 Index serves as the parent index.

Currently, the benchmark index comprises 15 companies from Germany, Italy, France, Belgium, Sweden and the United Kingdom. The weighting is based on market capitalization. The four largest positions are Mercedes-Benz Group, BMW, Stellantis, Ferrari and Volkswagen.

This is an accumulating share class, i.e. the income is reinvested.

The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,045 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.

19 May 2023, © Deutsche Börse AG