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WELE

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Analysis and statistics

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About

WELE.XETRA represents shares of Wacker Neuson SE, a leading manufacturer of light and compact equipment used in construction and agriculture. Traded on the XETRA exchange (Deutsche Börse's electronic trading platform), these shares allow investors to participate in the financial performance of Wacker Neuson as they develop, produce, and distribute equipment like rammers, rollers, excavators, wheel loaders, and dumpers. Investing in WELE.XETRA offers exposure to the construction and agricultural equipment market and its associated economic cycles.
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Factors

Underlying Asset Performance: WELE.XETRA's price reflects the performance of the companies within the MSCI World Electric Vehicles & Driving Tech index. If these companies perform well, the ETF's price rises and vice-versa.

Supply and Demand: Higher demand for WELE.XETRA units pushes the price up, while increased selling pressure causes it to decline. Market sentiment significantly impacts this factor.

Exchange Rates: Since the ETF holds international stocks, currency fluctuations between the Euro and the currencies of those companies can affect the ETF's value when expressed in Euros.

Expense Ratio and Tracking Error: The ETF's annual expense ratio lowers returns. Tracking error, the difference between the ETF and index return, influences its value.

Market Conditions: Broader economic factors, like interest rates, inflation, and overall market sentiment, can indirectly affect WELE.XETRA by influencing investor risk appetite.

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