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. The fund is 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.
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-capitalisation 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-capitalisation 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, but it also 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-8 BEN form?
No. ESTX is an Australian domiciled fund and therefore does not require the completion of any W-8 BEN tax forms .
Does ESTX pay a dividend?
Yes. ESTX pays semi-annual distributions in June and December.
|Date (NAV)||08 Apr 2021|
|Fund inception date||19 Jul 2016|
|Management Costs (% p.a.)||0.35|
|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||4 Jan 2021|
|Ex-date||31 Dec 2020|
|Record date||4 Jan 2021|
|Payment date||18 Jan 2021|
|Distribution per unit |
|12-month franking level||0.00%|
|Factsheet ESTX||09 Apr 2021|
|Portfolio composition file - ETFS EURO STOXX 50® ETF||09 Apr 2021|
|Condensed Financial Report - For the half-year ended 31 December 2020||11 Mar 2021|
|ETFS Product Disclosure Statement||14 Feb 2021|
|Annual Financial Report - 30 June 2020||23 Sep 2020|