EURO STOXX 50 ETF (ESTX) - Global X ETFs Australia

ESTX


EURO STOXX 50 ETF

Reasons to Consider ESTX

Targeted Exposure

The Fund provides targeted exposure to the eurozone.

Efficient Access

ESTX offers access to 50 of the largest and most liquid publicly traded companies in the eurozone spanning a range of economic sectors.

High Liquidity

The EURO STOXX 50 Index is one of the most traded indices in the world.

Product Information As of 23 May 2024

Inception Date 19 Jul 2016
Management Costs (% p.a.) 0.35
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 23 May 2024

NAV/Unit (A$) 93.77000000
Currency (NAV) AUD
Shares Outstanding 1,325,424
AUM (A$) 124,285,019.30
NAV History File View

Product Summary

The Global X EURO STOXX 50 ETF (ESTX) invests in 50 of the largest companies across the eurozone.

Product Objective

The Global X EURO STOXX 50 ETF (ESTX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the EURO STOXX 50® Index.

Trading Details

Ticker ESTX
Bloomberg Code ESTX AU Equity
ISIN AU00000ESTX4
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited

Benchmark Information

Benchmark EURO STOXX 50® Index
Provider STOXX Limited
Ticker SX5T

Distributions As of 30 Apr 2024

12-Month Yield 3.28%
12-Month Franking Level 0.00%
Distribution Frequency Semi-Annually
Distribution History View

Performance Table As of 23 May 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 0.59% 0.59% -0.01% 0.05%
3 Months 4.00% 4.09% -0.10% 0.07%
1 Year 18.68% 19.33% -0.66% 0.18%
3 Year p.a. 11.46% 11.82% -0.36% 0.33%
5 Year p.a. 11.10% 11.40% -0.30% 0.34%
10 Year p.a. -- -- -- --
Since Inception p.a. 11.11% 11.28% -0.16% 0.31%

Top Holdings As of 24 May 2024

Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
9.03 ASML HOLDING NV B929F46 876.40 7,835 11,219,613
5.51 SAP SE 4846288 181.36 23,097 6,844,372
5.42 LVMH MOET HENNE 4061412 752.80 5,480 6,740,571
4.39 TOTALENERGIES SE B15C557 65.70 50,810 5,454,451
3.78 SCHNEIDER ELECTR 4834108 235.75 12,194 4,697,150
3.71 SIEMENS AG-REG 5727973 177.18 15,943 4,615,527
3.05 L'OREAL 4057808 450.95 5,138 3,785,812
2.89 ALLIANZ SE-REG 5231485 264.00 8,339 3,597,116
2.89 SANOFI 5671735 90.16 24,407 3,595,546
2.67 AIR LIQUIDE SA B1YXBJ7 181.72 11,166 3,315,407
2.65 AIRBUS SE 4012250 161.28 12,487 3,290,600
2.31 SAFRAN SA B058TZ6 217.70 8,074 2,871,995
2.15 HERMES INTL 5253973 2,188.00 748 2,674,148
2.12 BANCO SANTANDER 5705946 4.78 336,886 2,633,087
2.11 DEUTSCHE TELEKOM 5842359 21.77 73,816 2,625,702
2.04 BNP PARIBAS 7309681 67.09 23,081 2,530,165
1.99 IBERDROLA SA B288C92 12.12 124,853 2,471,490
1.89 VINCI SA B1XH026 114.65 12,551 2,351,196
1.80 ESSILORLUXOTTICA 7212477 209.50 6,519 2,231,524
1.78 AXA 7088429 33.38 40,654 2,217,309
1.74 UNICREDIT SPA BYMXPS7 36.15 36,607 2,161,966
1.74 MUENCHENER RUE-R 5294121 455.10 2,905 2,160,178
1.64 BBVA 5501906 10.04 124,275 2,037,688
1.60 INTESA SANPAOLO 4076836 3.54 343,425 1,988,667
1.52 ING GROEP NV BZ57390 16.44 70,283 1,887,942
1.51 ANHEUSER-BUSCH I BYYHL23 59.88 19,134 1,872,079
1.47 MERCEDES-BENZ GR 5529027 65.71 17,026 1,828,019
1.47 PROSUS NV BJDS7L3 34.92 31,954 1,822,946
1.44 ENEL SPA 7144569 6.61 165,369 1,784,963
1.39 INFINEON TECH 5889505 38.07 27,800 1,729,275
1.38 INDITEX BP9DL90 44.33 23,659 1,713,684
1.30 STELLANTIS NV BMD8KX7 20.36 48,701 1,620,139
1.26 FERRARI NV BD6G507 384.60 2,488 1,563,494
1.21 BASF SE 5086577 48.44 19,000 1,503,814
1.15 SAINT GOBAIN 7380482 81.38 10,781 1,433,551
1.11 NORDEA BANK ABP BFM0SV9 11.27 74,964 1,380,426
1.06 DANONE B1Y9TB3 59.24 13,656 1,321,828
1.04 DHL GROUP 4617859 38.62 20,521 1,294,933
1.04 WOLTERS KLUWER 5671519 149.80 5,290 1,294,804
1.04 ADIDAS AG 4031976 222.90 3,540 1,289,288
0.98 DEUTSCHE BOERSE 7021963 184.70 4,045 1,220,737
0.96 ADYEN NV BZ1HM42 1,198.20 610 1,194,251
0.85 ENI SPA 7145056 14.49 44,815 1,060,885
0.80 PERNOD RICARD SA 4682329 142.20 4,263 990,493
0.78 KONINKLIJKE AHOL BD0Q398 29.11 20,273 964,266
0.77 BMW AG 5756029 92.72 6,349 961,868
0.76 BAYER AG-REG 5069211 27.59 20,913 942,597
0.68 VOLKSWAGEN-PREF 5497168 118.00 4,390 846,414
0.66 KERING 5505072 332.65 1,518 825,080
0.53 NOKIA OYJ 5902941 3.60 112,578 661,377
Holdings are subject to change.

Sector Breakdown As of 24 May 2024

Sector Weight (%)
Financials 20.1
Consumer Discretionary 17.6
Industrials 17.6
Information Technology 16.5
Consumer Staples 7.2
Health Care 5.5
Energy 5.2
Materials 3.9
Utilities 3.4
Communication Services 2.1
Other/Cash 0.9

Country Breakdown As of 24 May 2024

Country Weight (%)
France 40.5
Germany 25.3
Netherlands 16.1
Spain 7.1
Italy 6.9
Finland 1.6
Belgium 1.5
Other/Cash 1.0

Research

FAQs

  • How is ESTX weighted?

    Companies in ESTX are weighted by free-float market capitalisation.
  • Is ESTX currency hedged?

    ESTX is not currency hedged and investors are exposed to the currency exchange movements between the euro and the Australian dollar.
  • What is the index methodology?

    Companies are identified for inclusion on the basis of free-float market capitalisation and listing in 12 specific eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. The 50 largest companies by free-float market capitalisation are then selected for inclusion.
  • How can you use ESTX in a portfolio?

    ESTX can be used within the core component of a portfolio as an exposure towards Europe. It can also be used in the satellite component as a tactical tilt towards the eurozone or towards European large-capitalisation stocks.
  • How is ESTX different from other European ETFs?

    ESTX invests in companies within the eurozone only, excluding European countries such as the UK. Investing in the eurozone only means that ESTX is only exposed to a single currency; the movements of the euro to the Australian dollar. ESTX invests in blue-chip companies only and does not have any mid- or small-capitalisation exposure.
  • Why invest in ESTX?

    ESTX allows investors to diversify their portfolio internationally into a market significantly larger than Australia. Not only does investing in the eurozone provide international diversification, but it also provides significant sector diversification against the financial and resource-heavy Australian market. ESTX invests in 50 high-quality blue-chip companies with global revenue streams.
  • How liquid is the EURO STOXX 50® Index?

    The EURO STOXX 50® Index is one of the most traded indices across global equity markets and is therefore highly liquid.
  • Do I need to fill in a W-8 BEN form?

    No. ESTX is an Australian domiciled fund and therefore does not require the completion of any W-8 BEN tax forms.
  • Does ESTX pay a dividend?

    Yes. ESTX pays semi-annual distributions in June and December.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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