Vanguard launches DAX UCITS ETF
18 July 2018 | Topical insights
Vanguard DAX UCITS ETF is now available to investors. The fund tracks the DAX® Index, the leading benchmark for investors targeting exposure to German stocks.
Investors also benefit from the ETF’s transparency, low investment management costs and Vanguard’s indexing expertise.
The ETF invests in 30 of the largest and most liquid companies on the Frankfurt stock exchange. Germany’s export-led world view makes it home to many world-leading companies, across a range of sectors and industries. These firms include globally recognised brands from cars to sportswear to pharmaceuticals, along with industrial, chemical and technology firms whose products and services are in demand around the world.
The fund uses a physically backed, fully replicated approach to track a well-known, soundly constructed index. The ETF buys and holds the securities of all the index constituents in proportional weight to that of the index. This approach means the fund invests in real assets that are highly liquid.
With an ongoing charges figure (OCF) of just 0.10%, investors get to keep more of their returns.
With Vanguard’s long history of indexing success and experienced investment teams, investors can expect the ETF to track the DAX® Index tightly, delivering a similar risk and return profile.
Investment Risk Information
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested
ETF shares can be bought or sold only through a broker. Investing in ETFs entails stockbroker commission and a bid- offer spread which should be considered fully before investing.
The funds may invest in financial derivative instruments that could increase or reduce exposure to underlying assets and result in greater fluctuations of the fund’s net asset value. Some derivatives give rise to increased potential for loss where the fund’s counterparty defaults in meeting its payment obligations.
For professional investors only (as defined under the MiFID II Directive) investing for their own account (including management companies (fund of funds) and professional clients investing on behalf of their discretionary clients). Not to be distributed to the public.
The material contained in this document is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information in this document is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult their professional advisers on the implications of making an investment in, holding or disposing of [units/shares] of, and the receipt of distribution from any investment Vanguard Funds plc has been authorised by the Central Bank of Ireland as a UCITS and has been registered for public distribution in certain EU countries. Prospective investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own professional advisers on the implications of making an investment in, and holding or disposing shares of the Funds and the receipt of distributions with respect to such shares under the law of the countries in which they are liable to taxation.
The Manager of Vanguard Funds plc is Vanguard Group (Ireland) Limited. Vanguard Asset Management, Limited is a distributor for Vanguard Funds plc.
For further information on the fund’s investment policy, please refer to the Key Investor Information Document ("KIID"). The KIID and the Prospectus for this fund is available in local languages from Vanguard via our website https://global.vanguard.com/.
The DAX® Index is the intellectual property (including registered trademarks) of Deutsche Borse AG "DBAG", Deutsche Borse Group or their licensors, which is used under license. Vanguard DAX UCITS ETF is neither sponsored nor promoted, distributed or in any other manner supported by DBAG, Deutsche Borse Group or their licensors, research partners or data providers and DBAG, Deutsche Borse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the DAX® Index or its data.
Issued by Vanguard Asset Management, Limited which is authorised and regulated in the UK by the Financial Conduct Authority.
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