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XCUD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    42.9414$
  • Previous Close
    42.9884$
  • 52 Week Change
    --
  • Day Range
    -0.05$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

The ETF with the financial product symbol XCUD.XETRA refers to the Xtrackers USD Corporate Bond UCITS ETF 1D. It is an exchange-traded fund that aims to replicate the performance of the Markit iBoxx USD Liquid Corporate Broad index. This index represents a broad basket of US dollar-denominated corporate bonds with investment-grade credit ratings. The ETF is domiciled in Luxembourg and traded on the Xetra stock exchange (indicated by the ".XETRA" suffix). It provides investors with a convenient way to gain exposure to a diversified portfolio of USD-denominated corporate bonds without having to purchase individual bonds directly. The "1D" in the name signifies that it is a distributing ETF, meaning it distributes income generated from the underlying bonds to investors, rather than reinvesting it within the fund.

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Factors

Gold Price: As XCUD.XETRA tracks gold, its price heavily depends on the spot price of gold. Global supply and demand dynamics, geopolitical events, and investor sentiment towards gold drive this relationship.

Euro/USD Exchange Rate: Because the ETF is priced in Euros on the XETRA exchange but gold is typically priced in USD, fluctuations in the EUR/USD exchange rate affect the ETF's price. A stronger Euro relative to the USD makes the ETF comparatively cheaper.

ETF Supply and Demand: Market forces of supply and demand directly influence the ETF's price. Higher demand than supply generally pushes the price up, while the opposite scenario lowers it.

Management Fees and Expenses: The annual management fees and other operational expenses charged by the ETF provider are factored into the ETF's overall performance and thus, indirectly affect its price.

Tracking Error: Any divergence between the ETF's performance and the actual gold price it aims to track (tracking error) influences the ETF's market price.

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