ESTX

ETFS EURO STOXX 50® ETF
ISIN AU00000ESTX4

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.

About ESTX

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.

FAQs

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.

Insights
ETFS EURO STOXX 50® ETF (ESTX)
Product Information
NAV Information
NAV/Unit (A$)62.8071
Date (NAV)03 Aug 2020
Currency (NAV)AUD
Shares outstanding806,908
AUM (A$)50,679,548.15
Product Information
Fund inception date19 Jul 2016
Management Costs (% p.a.)0.35
Maximum cost recoveries (% p.a.)0.00
Distribution FrequencySemi-Annually
Currency HedgedNo
DomicileAustralia
Legal FormManaged Investment Scheme
SMSF EligibleYes
Trading Information
Symbols and Trading Hours
ASX CodeESTX
Bloomberg CodeESTX AU Equity
ISINAU00000ESTX4
SEDOLBD03FR1
IRESSESTX.AXW
Trading hours10:00AM – 4:00PM
Trade Online
Management & Administration
IssuerETFS Management (AUS) Limited
CustodianJPMorgan Chase Bank N.A. (Sydney Branch)
RegistrarComputershare Investor Services Pty Limited
Benchmark Information
BenchmarkEURO STOXX 50®
ProviderSTOXX Limited
TickerSX5T
Allocation
Performance
Distributions
Recent Distribution
Announcement date24 Jun 2020
Ex-date30 Jun 2020
Record date1 Jul 2020
Payment date15 Jul 2020
Distribution per unit
(A$ cents)
84.230340
12-month yield1.67%
12-month franking level0.00%
Ex-date
Record date
Payment date
Distribution (A$ cents)
Franking level
30 Jun 202001 Jul 202015 Jul 202084.2303400.0000%
31 Dec 201902 Jan 202016 Jan 202020.8524930.0000%
28 Jun 201901 Jul 201915 Jul 2019173.5296900.0000%
31 Dec 201802 Jan 201916 Jan 201915.9020490.0000%
29 Jun 201802 Jul 201816 Jul 2018219.4167000.0000%
Announcements

There are no announcements to display.

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