ANZ ETFS Management (AUS) Limited (ANZ ETFS) has announced the upcoming launch of an Exchange Traded Fund (ETF) allowing Australian investors to tap into the performance of Europe’s leading companies. The new ETF will be available on the Australian Securities Exchange (ASX) later this month.
The ANZ ETFS EURO STOXX 50® ETF (ASX code: ESTX) is designed to capture the returns of Europe’s leading blue-chip index, the EURO STOXX 50® Index. The Index covers 50 of the largest stocks from 12 countries within the Eurozone.
ESTX offers Australian investors an opportunity to expand the spread of their overseas investments, as well as providing asset diversification through exposure to leading European stocks in sectors such as healthcare, industrial goods and services and consumer goods – including Europe’s leading luxury brands.
It also represents the first time STOXX, a global index provider with a strong European heritage, has licensed one of its indices to an ETF listed on the ASX. STOXX indices are licensed to more than 500 global companies, including the world’s largest financial products issuers, capital owners and asset managers.
The ANZ ETFS EURO STOXX 50® ETF will be the 31st global ETF based on the EURO STOXX 50® Index, which is a broad and highly liquid subset of the STOXX Europe 600 Index.
The EURO STOXX 50® Index is recognised as Europe’s leading blue-chip index, covering 50 stocks from 12 Eurozone countries including France, Germany, Italy, the Netherlands, and Spain. Unlike some other Australian domiciled European equity ETFs the index doesn’t include UK companies, which may prove attractive to investors post- Brexit vote.
Kris Walesby, ANZ ETFS Head, said: “We’re excited to bring ESTX to Australian investors as it offers cost-effective access to the Eurozone’s leading companies – and pure Euro exposure through an internationally recognised European benchmark.
“We believe this product will prove popular with both retail and institutional investors looking to expand their overseas investment horizons beyond the US and China.”
Matteo Andreetto, STOXX CEO said: “The EURO STOXX 50® Index offers access to the performance of the key Eurozone equities from blue-chip companies such as Daimler, Bayer or Unilever. We are delighted that our transparent and rules-based flagship is now also available to Australian market participants.
“Market participants globally have discovered the advantages of using vehicles that invest in the Eurozone, the major European sub-region. Vehicles based on the EURO STOXX 50® facilitate currency hedging, and allow for easier tactical over- and under- weighting of the Eurozone compared to the rest of Europe.”
The ANZ ETFS EURO STOXX 50® ETF is the latest offering from ANZ ETFS, a joint venture between Australia and New Zealand Banking Group (ANZ) and ETF Securities (ETFS). Launched in May 2015, ANZ ETFS’ focus is to design best of breed products that meet the needs of Australian investors, helping them to preserve and grow their wealth.
Source: ANZ
