ETF Offers Highly Liquid Exposure and Low
Cost to Blue-Chip German Stocks
Recon Capital, an investment firm and Exchange Traded Fund (ETF)
provider, began trading the Recon Capital DAX Germany ETF
(NASDAQ:DAX) on the NASDAQ Global Market today. The ETF provides
investors with access to Germany, the Eurozone's leading economy,
with broad and highly liquid access to leading German blue-chip
equities at a total annual operating expense ratio of 0.45%.
“Germany continues to be among the most promising and compelling
economies in Europe. As the trusted measure of German blue-chips,
DAX is one of the leading indices for financial products in the
world. For the first time, it underlies ETFs in three key financial
centers in Europe, Asia and now the United States,” said Hartmut
Graf, chief executive officer, STOXX Limited. STOXX Ltd. is the
marketing agent for the indices of Deutsche B�rse AG and SIX,
including the DAX and SMI indices.
DAX measures the development of the 30 largest and most liquid
companies on the German equities market and represents around 80
percent of the market capitalization in Germany. It currently
serves as the basis for more than 135,000 financial products and is
one of the largest underlyings for derivatives globally.
“Germany is the locomotive of Europe and, with the Recon Capital
DAX Germany ETF, we are giving U.S. investors access to the German
equity market which proved to be comparably robust in displaying
higher returns and lower volatility levels than most of its
European counterparts,” said Garrett Paolella, CEO of Recon
Capital. “Recon Capital focuses on using its investment expertise
and operational infrastructure to deliver market-driven,
value-added products that meet the evolving needs of global
investors.”
About Recon Capital Partners:
Recon Capital Partners, LLC is an SEC registered investment
adviser headquartered in Greenwich, Connecticut. Recon Capital
provides better investment solutions for institutional investors,
financial professionals, and individual investors in a liquid,
transparent, and cost effective manner. Recon deploys its
strategies through several formats including its exchange traded
fund platform. For more information, visit
http://www.reconfunds.com and www.reconcapitalpartners.com.
About Deutsche B�rse
Deutsche B�rse is one of the world’s leading data and technology
service providers for the securities industry with a product and
service offering for issuers, investors, intermediaries and data
vendors. The Group covers the entire value chain from trading,
through clearing, to settlement and securities custody. Deutsche
B�rse Market Data + Services encompasses the Group’s extensive
market data offering and external technology and connectivity
services. The product and service range includes real-time and
historical data from the Group's trading venues Eurex and Xetra as
well as from cooperation partners. It also includes exclusive
trading signals independent of its platforms such as economic
indicators or macroeconomic news, reference data for more than
1,000,000 securities, approximately 10,500 indices including the
STOXX and DAX index families, superior capital market
infrastructure, and reliable connectivity services.
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange
technology, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq
enables customers to plan, optimize and execute their business
vision with confidence, using proven technologies that provide
transparency and insight for navigating today’s global capital
markets. As the creator of the world’s first electronic stock
market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to more than 3,400 listed companies with a market
value of over $8.5 trillion and more than 10,000 corporate clients.
To learn more, visit www.nasdaqomx.com.
Risk considerations
Please consider the investment objectives, risks, charges and
expenses of the Fund carefully before investing. A prospectus with
this and other information about the Fund is available at
www.ReconFunds.com or by calling 203-900-1400. The prospectus
should be read carefully before investing.
The Recon Capital DAX Germany ETF (the "Fund") is registered
with the U.S. Securities and Exchange Commission as a
non-diversified, management investment company, pursuant to the
Investment Company Act of 1940. An investment in the Fund is
subject to risk, including the loss of principal amount invested.
There is no guarantee the Fund will achieve its investment
objective. The Fund's shares may be more volatile than the
performance of a broadly diversified portfolio. The Fund is not by
itself a complete or balanced investment program.
Shares of ETFs are bought and sold at market price (not net
asset value (NAV)) and can be acquired or redeemed directly from a
fund at NAV in Creation Units only. Brokerage commissions will
reduce returns. Market returns are based upon the midpoint of the
bid/ask spread at 4:00 p.m. eastern time (when NAV is normally
determined for most ETFs) and do not represent the returns you
would receive if you traded shares at other times.
Market forces may result in shares trading at a significant
premium or discount to NAV. Although the shares are currently
listed on an exchange, there can be no assurance that an active
trading market for the shares will develop or be maintained.
The Fund's performance is expected to be closely tied to social,
political, and economic conditions within Europe and to be more
volatile than the performance of more geographically diversified
funds. An investment in European securities can be adversely
affected by a variety of factors, among which are: restrictions on
inflation rates, deficits, interest rates, debt levels and fiscal
and monetary controls imposed by the European Union or European
Monetary Union; historically high unemployment and significant debt
problems in certain European nations; recently volatility in
European financial markets due to concerns about economic downturns
or rising government debt levels. Currently, a significant portion
of the Index is allocated to securities of companies in France,
Germany and Spain.
Recent events have adversely affected the exchange rate of the
euro and may continue to significantly affect every country in
Europe, including countries that do not use the euro. Changes in
currency exchange rates and the relative value of non-U.S.
currencies will affect the value of the Fund's investment and the
value of your Fund Shares. Because the Fund's NAV is determined in
U.S. dollars, the Funds NAV could decline if the currency of the
non-U.S. market in which the Fund invests depreciates against the
U.S. dollar, even if the value of the Fund's holdings, measured in
the foreign currency, increases.
The DAX Index and its related trademarks are proprietary to
STOXX Limited. The DAX Index and the related trademarks have been
licensed for certain purposes by Recon Capital. The Recon Capital
DAX Germany ETF is not sponsored, sold, endorsed or promoted by
STOXX Limited.
# # #
Recon Capital and Recon Capital Partners are registered with the
U.S. Patent and Trademark Office, and may be registered or pending
registration in other countries. All other trademarks or registered
trademarks are the property of their respective owners.
Recon Capital PartnersKevin Kelly, +1 203-900-1400Chief
Investment Officerkkelly@reconfunds.com
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