Global X EURO STOXX 50 ETF
About this Fund
|Global X Management (Aus)
|EXCHANGE TRADED FUNDS
Each Fund seeks to meet its investment objective by investing in the assets comprising the relevant Index in accordance with the weightings determined and published by the applicable Index Provider
The Fund aims to provide investors with a return that (before fees and expenses) tracks the performance of the EURO STOXX 50® (the “Index”)
|EURO STOXX 50 NR EUR
|EURO STOXX 50 NR EUR
|NO. OF HOLDINGS
|0.35% p.a. of the NAV of the Trust
Benefits of investing in the Global X EURO STOXX 50 ETF
ESTX offers broad-based exposure to the 50 largest companies across the eurozone.
ESTX holds extremely liquid stocks and is therefore extremely liquid itself. The EURO STOXX 50 Index is one of the most traded indices across global equity markets.
With a management fee of 0.35% per annum, ESTX is a cost effective way to add European exposure to a portfolio.
ESTX is unhedged and so also offers exposure to the euro against the Australian dollar.
Full portfolio holdings for ESTX are made publicly available daily
ESTX is domiciled in Australia and so does not require completion of any W-8BEN U.S. tax forms and has no U.S. estate tax risks.
|High to Very High
ESTX is an exchange traded fund (ETF) which is tradable by investors on stock exchanges intraday and can be created and redeemed daily by certain financial institutions (known as Authorised Participants).
The Index is designed to provide a blue-chip representation of supersector leaders in the Eurozone. The index covers 50 stocks from the following 12 Eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.
How to use ESTX in a Portfolio?
How we invest your money
The methodology employed by STOXX in calculating the Index can be found at www.stoxx.com
Each Fund will attempt to (before fees and expenses) fully replicate the performance of the relevant Index by investing its assets in a portfolio of securities that comprise the Index in proportion to the weight assigned to each security within the Index.
Any changes in the composition of an Index, whether due to scheduled rebalancing or other unscheduled events (e.g. corporate actions), will generally be reflected in the portfolio of securities held by a Fund as soon as practically possible.
In certain circumstances, it may not be possible or practical for the Responsible Entity to exactly replicate the Index. For example, trading in particular securities may be suspended. In other circumstances the exact replication of the Index may be impractical or excessively costly, for example where the Index comprises a large number of securities that are assigned small weights.
To assist investors, each Fund's full portfolio holdings will be published on a daily basis on at the same time that Authorised Participants and market makers are provided with portfolio composition files.
Each Fund may hold derivative contracts from time to time, such as exchange traded options written on the Index or its constituent securities, and other investments that do not comprise the Index, but help to achieve the investment objectives of that Fund. These other investments that do not comprise the index may include for example:
These are expected to be used in limited circumstances.
Cash balances may also be held in each Fund from time to time. None of the Funds will engage in securities lending.