Is there a strong correlation between the performance of TrackinDex DJ Stoxx Sustainabilityand that of the underlying index?
A correlation close to one between TrackinDex DJ Stoxx Sustainability and the underlying index is ensured thanks in particular to the in-kind creation and redemption process on the primary market. Thanks to this method, under which participants in the fund subscribe to TrackinDex by bringing it the basket of shares making up the DJSI STOXX index, a high correlation between the ETF and its benchmark index is guaranteed. Naturally, the performance of TrackinDex is reduced compared with that of its benchmark by the management and administrative costs inherent in every type of mutual fund. Nevertheless, as the annual fees of 0.50% on TrackinDex is very low, the correlation is very high.
