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IS31

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--%
1d
1w
1m

Analysis and statistics

  • Open
    10.0876$
  • Previous Close
    10.2238$
  • 52 Week Change
    --
  • Day Range
    -0.14$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

IS31.XETRA refers to the iShares Core DAX UCITS ETF. This ETF tracks the performance of the DAX index, which represents the 40 largest and most liquid German companies listed on the Frankfurt Stock Exchange. As an iShares product, it aims to provide investors with broad exposure to the German equity market in a cost-effective and easily accessible manner.

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Factors

Underlying Index Performance: The primary driver is the performance of the underlying index it tracks. A rise in the index value typically increases the ETF price, and vice-versa.

Supply and Demand: Market demand for the ETF compared to its supply influences the price. Higher demand generally leads to a price increase, while higher supply can decrease it.

Net Asset Value (NAV): The ETF's NAV, calculated by dividing the total value of its holdings by the number of outstanding shares, acts as a theoretical fair value. Deviations between the market price and NAV create arbitrage opportunities, which tend to bring them closer together.

Interest Rates: Changes in interest rates can affect the valuations of companies within the underlying index, and consequently, the ETF's price.

Economic Conditions: Overall economic health, including factors like GDP growth, inflation, and unemployment, impacts investor sentiment and the performance of companies in the underlying index.

Currency Fluctuations: If the underlying assets are denominated in a currency different from the ETF's trading currency, exchange rate movements can affect the ETF's price.

Investor Sentiment: General market optimism or pessimism can drive investment flows into or out of the ETF, impacting its price independently of the underlying index's performance.

Expense Ratio: While not directly impacting the daily price, a higher expense ratio can reduce the long-term returns of the ETF, indirectly affecting its attractiveness to investors.

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