Deutsche Börse: First ETF with an international security structure launched on Xetra - New iShares ETF Tracks EURO STOXX 50 Ex-Financials Index
The iShares EURO STOXX 50 ex-Financials UCITS ETF, which is issued by iShares, has been tradable in Deutsche Börse’s XTF segment. The new ETF is the first ETF to be issued with an international security structure. Transactions on the Frankfurt Stock Exchange are settled using the international settlement infrastructure of Clearstream Banking. This new structure is intended to further increase the efficiency of cross-border transactions and the provision of liquidity by international trading participants.
The iShares EURO STOXX 50 ex-Financials UCITS ETF offers exposure to the largest stocks in the euro zone, excluding companies that are allocated to the industry “Financials”. The index is free float market capitalisation weighted.