offering? Paul Amery from Index universe states: “db x-trackers made it clear in its press release yesterday that its DJ Euro Stoxx 50 ETF has outperformed the index by 0.61% per annum, post fees, since its launch in January 2007. The extra revenues that have caused this outperformance are achieved, in the words of Manooj Mistry, db x-trackers’ UK head, by “putting the stocks in the index to work” – in other words, lending them out – and by obtaining a better tax treatment of the dividends paid on the index component stocks than could be achieved by a passive investor located in Dublin or Luxembourg, where the ETF would typically be domiciled. By taking a slice of these revenues for itself, the bank can afford to charge a zero headline fee on the fund.”
Free Investing Ideas Newsletter!
- Seeds Being Planted for Big Move in Crude Oil
- Which Index Is The Best To Use: The HUI, XAU or The GDX
- Here Are The Best Four High-Yield Dividend ETFs From BlackRock