German asset manager DWS has added exposure to Europe ex-UK equities to its Xtrackers exchange-traded fund (ETF) range.
The Xtrackers S&P Europe Ex UK Ucits ETF targets large and mid-cap exposure across developed markets in Europe, minus the UK, with the underlying index comprised of 379 companies.
The ETF is a direct, physical replication fund with an annual all-in fee of 0.09%.
Companies in the underlying index come from Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden and Switzerland.
“We see demand for an asset allocation tool for Europe ex-UK equity exposure expanding,” said Michael Mohr, head of ETF product development.
The new ETF has listed on the London Stock Exchange and has been added to the Xtrackers Core ETF range, which comprises ETFs tracking major equity and bond market indices with low annual all-in fees.