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Global X EURO STOXX 50 ETF

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100227-2023-08-11-02:32.pdf
FUND MANAGER Global X Management (Aus)
ASX Code ESTX*
APIR
ASSET CLASS EXCHANGE TRADED FUNDS
INVESTMENT STYLE

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

INVESTMENT PROFILE

 The Fund aims to provide investors with a return that (before fees and expenses) tracks the performance of the EURO STOXX 50® (the “Index”)

CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 19-07-2016
BENCHMARK EURO STOXX 50 NR EUR
FUND SIZE EURO STOXX 50 NR EUR
DISTRIBUTION FREQUENCY Half-yearly
NO. OF HOLDINGS 50
FEES 0.35% p.a. of the NAV of the Trust
STRUCTURE

Benefits

Benefits

Benefits of investing in the Global X EURO STOXX 50 ETF

Why ESTX?

Pan-eurozone focus

ESTX offers broad-based exposure to the 50 largest companies across the eurozone.

Liquidity

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.

Cost effective

With a management fee of 0.35% per annum, ESTX is a cost effective way to add European exposure to a portfolio.

Unhedged

ESTX is unhedged and so also offers exposure to the euro against the Australian dollar.

Transparent

Full portfolio holdings for ESTX are made publicly available daily

Reduced administration

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.

RISK LEVEL High to Very High
INVESTOR SUITABILITY
  • Capital Growth
  • Satellite/small allocation (<25%)

Risks

Title
Detail

Key Features

Fund overview

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).

Index Objective

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?

 

  • Core exposure to Europe
  • Tactical tilt towards eurozone Europe
  • Tactical tilt towards large-cap Europe

Mandate

How we invest your money

Index methodology

The methodology employed by STOXX in calculating the Index can be found at www.stoxx.com

Index tracking

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:

  • cash or short term deposits;
  • related securities such as tradable rights resulting from corporate actions undertaken by Index constituents;
  • depository receipts or other securities that may be substituted for Index constituents that are impractical or costly to trade; and
  • futures, options, swaps or other ETFs with similar exposures to the Index that may help minimise deviations from the Index, where appropriate.

 

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.