Core exposure to the European equity market
ETFS EURO STOXX 50® ETF (ASX code: ESTX) offers investors exposure to blue-chip companies across the eurozone.
ESTX aims to provide investors with a return that, before fees and expenses, tracks the performance of the EURO STOXX 50® Index. The EURO STOXX 50® Index is designed to provide a blue-chip representation of supersector leaders from the eurozone. The index covers 50 stocks from 12 eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain.
ESTX uses a full-replication strategy to track the index, meaning that it holds all of the shares that make up the index, in proportion to their weights in the index. It is also not currency hedged and so offers exposure to currency exchange movements between the euro and the Australian dollar.
Why consider ESTX?
Cost-effective and simple exposure to the 50 largest companies across the eurozone in just one trade, including household names such as Siemens, Allianz, LVMH, and L’Oreal.
Diversification into one of the world’s largest equity markets. -
Liquidity and transparency – the EURO STOXX 50® Index is one of the most traded and well-known indices in the world.
How is ESTX weighted?
Companies in ESTX are weighted by free-float market capitalisation.
Is ESTX currency hedged?
ESTX is not currency hedged and investors are exposed to the currency exchange movements between the euro and the Australian dollar.
What is the index methodology?
Companies are identified for inclusion on the basis of free-float market capitalisation and listing in 12 specific eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. The 50 largest companies by free-float market capitalisation are then selected for inclusion.
How can you use ESTX in a portfolio?
ESTX can be used within the core component of a portfolio as an exposure towards Europe. It can also be used in the satellite component as a tactical tilt towards the eurozone or towards European large-cap stocks.
How is ESTX different from other European ETFs?
ESTX invests in companies within the eurozone only, excluding European countries such as the U.K. Investing in the eurozone only means that ESTX is only exposed to a single currency; the movements of the euro to the Australian dollar. ESTX invests in blue-chip companies only and does not have any mid- or small-cap exposure.
Why invest in ESTX?
ESTX allows investors to diversify their portfolio internationally into a market significantly larger than Australia. Not only does investing in the eurozone provide international diversification, it provides significant sector diversification against the financial and resource heavy Australian market. ESTX invests in 50 high quality blue-chip companies with global revenue streams.
How liquid is the EURO STOXX 50 Index?
The EURO STOXX 50® Index is one of the most traded indices across global equity markets and is therefore highly liquid.
Do I need to fill in a W-8BEN form?
No. ESTX is an Australian domiciled fund and therefore does not require the completion of any W-8BEN tax forms
Does ESTX pay a dividend?
Yes. ESTX pays semi-annual distributions in June and December.
|Date (NAV)||03 Aug 2020|
|Fund inception date||19 Jul 2016|
|Management Costs (% p.a.)||0.35|
|Maximum cost recoveries (% p.a.)||0.00|
|Legal Form||Managed Investment Scheme|
|Bloomberg Code||ESTX AU Equity|
|Trading hours||10:00AM – 4:00PM|
|Issuer||ETFS Management (AUS) Limited|
|Custodian||JPMorgan Chase Bank N.A. (Sydney Branch)|
|Registrar||Computershare Investor Services Pty Limited|
|Benchmark||EURO STOXX 50®|
|Announcement date||24 Jun 2020|
|Ex-date||30 Jun 2020|
|Record date||1 Jul 2020|
|Payment date||15 Jul 2020|
|Distribution per unit |
|12-month franking level||0.00%|
|Portfolio composition file - ETFS EURO STOXX 50® ETF||04 Aug 2020|
|ETFS Monthly Product Update ESTX||09 Jul 2020|
|Factsheet ESTX||08 Jul 2020|
|Condensed Financial Report - For the half-year ended 31 December 2019||11 Mar 2020|
|ETFS Product Disclosure Statement||02 Mar 2020|