XAD6
- Xtrackers Silver EUR Mutual FundKey Information
Earliest date | 2010-08-27 |
Exchange | XETR |
Instrument Type | Common Stock |
MIC Code | XETR |
Country | Germany |
About XAD6
Xtrackers Silver EUR Mutual Fund is an exchange-traded fund that focuses on the investment in physical silver, offering investors exposure to silver without the complexities of direct investment in the metal. The primary function of this mutual fund is to track the performance of the price of silver in euros, providing a hedge against inflation and a way to diversify investment portfolios. This fund is part of the broader commodities sector, which plays a crucial role in the global economy by influencing prices across various industries, such as technology, automotive, and manufacturing that heavily rely on silver for production. As part of the financial market, the Xtrackers Silver EUR Mutual Fund provides a relatively liquid and accessible way for investors to incorporate precious metal exposure into their holdings, reflecting the commodity’s market movements. This mutual fund is designed for those seeking to diversify with a tangible asset holding that often moves inversely to traditional equities, making it a strategic asset for portfolio diversification.