OREANDA-NEWS. A new exchange-listed index fund issued by Van Eck Global (Europe) has been tradable on Xetra and Börse Frankfurt since Monday.

The Market Vectors Morningstar US Wide Moat UCITS ETF will give investors first-time access to companies that Morningstar's analysis of valuations has identified as having a structural competitive advantage. These promise above-average returns. The 20 US companies in the reference index cover eight different industries, with consumer staples, industry and information technology accounting for some 51 percent.

Name: Market Vectors Morningstar US Wide Moat UCITS ETFs
Asset class: equity index ETF
ISIN: IE00BQQP9H09
Total expense ratio: 0.49 percent
Distribution policy: accumulating
Benchmark: Morningstar Wide Moat Focus Index

The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,101 exchange traded funds. This selection, together with an average monthly trading volume of around €16 billion, makes Xetra Europe’s leading trading venue for ETFs.

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