Invesco cross-lists Source Europe mid-cap ETF to Borsa Italiana

Dec 1st, 2017 | By | Category: Equities

Invesco PowerShares has cross-listed the Source Stoxx Europe Mid 200 UCITS ETF (SDJMID IM) on Borsa Italiana.

Invesco cross-lists Source Europe mid-cap ETF to Borsa Italiana

The Source STOXX Europe Mid 200 UCITS ETF is also available to trade on Deutsche Börse.

The fund tracks the Stoxx Europe Mid 200 TR Index, which is composed of 200 stocks designed to provide a representation of mid-cap companies in Europe. Derived from the Stoxx Europe 600 Index, the index’s largest country exposures are currently the UK (28.8%), France (12.9%), Germany (12.3%), Switzerland (7.5%) and the Netherlands (5.6%).

Industrials is the largest sector exposure with just over a quarter of the total weighting, followed by financials (19.4%), consumer goods (13.4%), consumer services (10.8%), and basic materials (10.4%).

The index is well diversified with the largest constituent – Standard Life Aberdeen – accounting for just 1.1% of the total weight.

The fund has done well thus far in 2017 (as of 31 October), gaining 16.9% year-to-date.

The fund trades in euros and has a total expense ratio of 0.35%. It is also listed on Deutsche Börse in euros. Since its initial launch in 2009, the fund has gained over €93 million in assets under management.

Tags: , , , , , , , ,

Leave a Comment



More in Equities
Invesco PowerShares launches five European equity factor ETFs
Invesco launches five PowerShares European equity factor ETFs

Invesco PowerShares has launched five European equity ETFs, each offering focused exposure to a single factor – value, quality, low beta, price momentum,...

Manulife Investments launches two new multi-factor ETFs
Manulife launches two multi-factor ETFs on TSX

Manulife Investments has launched two new multi-factor ETFs on the Toronto Stock Exchange (TSX). The funds are sub-advised by Dimensional Fund Advisors and provide exposure...

Close