New L&G ETF on Xetra: first ETF in Europe with focus on digital payments
New L&G ETF on Xetra: first ETF in Europe with focus on digital payments
A new exchange traded fund issued by Legal & General Investment Management has been tradable on Xetra and Börse Frankfurt since Thursday.
With the L&G Digital Payments UCITS ETF, investors gain access to the 20 largest companies worldwide for the first time that are actively engaged in the digital payments value chain. This includes providers of credit and debit cards, cardless payment service providers or companies that manage the processing and handling of payments in online retail. The companies included in the index are equally weighted on the day of adjustment.
Excluded from the index are companies with business activities in the fields of arms production and coal mining as well as those that violate the United Nations Global Compact.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
L&G Digital Payments UCITS ETF | Equity ETF | 0.49 per cent | Accumulating | Solactive Digital Payments Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,648 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.