How does the procedure of creating and redeeming shares in TrackinDex DJ Stoxx Sustainability work?
Units in TrackinDex are created in the primary market and then traded in the secondary market on NextTrack, the Euronext Paris segment dedicated entirely to trackers. Only participants in the fund and/or Market-Makers have access to the primary market. They bring the fund the basket of equities making up the Dow Jones STOXX Sustainability Index and receive TrackinDex units in return, one creation unit being equal to 10,000 shares in TrackinDex. Conversely they can pay in TrackinDex units and receive the basket of underlying shares in return. The process of creation and redemption in kind on the primary market makes it possible to ensure an almost total correlation (i.e. close to unity) between the price of TrackinDex and its underlying. The shares flowing from the units created will subsequently be traded in the secondary market via the Euronext Paris quotation platform, which is accessible to all investors. Liquidity in the secondary market is ensured by the presence of liquidity prov
