ETFS EURO STOXX 50® ETF
ASX Code: ESTX
ETFS EURO STOXX 50® ETF (ASX Code: ESTX) offers investors exposure to 50 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. The fund is not currency hedged and so offers exposure to currency exchange movements between the euro and the Australian dollar.
Why consider ESTX
1
Cost-effective and simple exposure to the 50 largest companies across the eurozone.
2
Diversification into one of the world’s largest equity markets.
3
Liquidity – the EURO STOXX 50® Index is one of the most traded indices in the world.
FAQs
Companies in ESTX are weighted by free-float market capitalisation.
ESTX is not currency hedged and investors are exposed to the currency exchange movements between the euro and the Australian dollar.
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.
ESTX can be used within the core component of