The NASDAQ-100 European Tracker, issued by Nasdaq ETF Funds plc, started trading on Wednesday in the XTF segment of Deutsche Borse. This brings the number of exchange-traded index funds (ETFs) listed in the XTF segment to 55.
The EQQQ is an equity fund that tracks the performance of the NASDAQ-100 index, which comprises the 100 largest American and international non-financial companies on NASDAQ based on market capitalization.
The NASDAQ 100 index contains companies from various major industries, including software, telecommunications, and biotechnology. The EQQQ is the European equivalent of the American QQQ, which was introduced in the USA in 1999. With an average daily turnover of €2.5 billion, the QQQ is counted amongst the most-traded securities worldwide. At Deutsche Borse, investors can purchase NASDAQ-100 European Tracker load-free. The annual management fee is 0.2 percent.
EQQQ is the seventh ETF based on a US index listed on Deutsche Borse, making the selection of American ETFs found in the XTF segment the largest on offer to investors in Europe. The current range also includes funds based on the S&P 500, Dow Jones Industrial Average, Dow Jones US Large Cap, Dow Jones US Technology, and MSCI USA Information Technology indexes.
The average monthly trading volume on Xetra accounts for some €2.7 billion, or more than 50 percent of total trading volume in exchange-traded index funds for the whole of Europe.