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TER
0.35% p.a.
Distribution policy
Accumulating
Replication
Physical
Fund size
GBP 62 m
Inception Date
5 February 2025
Holdings
80
Overview
Description
The Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged seeks to track the MSCI Nordic Countries (GBP Hedged) index. The MSCI Nordic Countries (GBP Hedged) index tracks leading stocks on the Nordic market, including Denmark, Norway, Finland and Sweden. Currency hedged to British Pound (GBP).
Documents
Chart
Basics
Data
| Index | MSCI Nordic Countries (GBP Hedged) |
| Investment focus | Equity, Europe |
| Fund size | GBP 62 m |
| Total expense ratio | 0.35% p.a. |
| Replication | Physical (Full replication) |
| Legal structure | ETF |
| Strategy risk | Long-only |
| Sustainability | No |
| Fund currency | GBP |
| Currency risk | Currency hedged |
| Volatility 1 year (in GBP) | 16.00% |
| Inception/ Listing Date | 5 February 2025 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Ireland |
| Fund Provider | Xtrackers |
| Fund Structure | Open-ended Investment Company (OEIC) |
| UCITS compliance | Yes |
| Administrator | State Street Custodial Services (Ireland) Limited |
| Investment Advisor | DWS Investments UK Limited |
| Custodian Bank | State Street Custodial Services (Ireland) Limited, Dublin 2 |
| Revision Company | Pricewaterhouse Coopers |
| Fiscal Year End | 31 December |
| Swiss representative | DWS CH AG |
| Swiss paying agent | Deutsche Bank (Suisse) SA |
| Germany | Unknown |
| Switzerland | No ESTV Reporting |
| Austria | Non-Tax Reporting Fund |
| UK | UK Reporting |
| Indextype | - |
| Swap counterparty | - |
| Collateral manager | |
| Securities lending | Yes |
| Securities lending counterparty | Barclays Capital Securities Limited|Barclays Capital Securities Ltd|Bofa Securities Europe SA|Goldman Sachs International|Morgan Stanley & Co International Plc|Societe Generale|UBS AG |
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Holdings
Below you find information about the composition of the Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged.
Top 10 Holdings
Weight of top 10 holdings
out of 80
42.79%
| Novo Nordisk A/S | 11.86% |
| Spotify Technology SA | 4.90% |
| Investor AB | 4.39% |
| Nordea Bank Abp | 3.73% |
| Volvo | 3.60% |
| DSV A/S | 3.56% |
| Atlas Copco AB | 3.46% |
| Sandvik Aktiebolag | 2.65% |
| Assa Abloy | 2.53% |
| Danske Bank A/S | 2.11% |
Countries
| Sweden | 42.40% |
| Denmark | 14.52% |
| Finland | 13.50% |
| Norway | 7.14% |
| Luxembourg | 4.90% |
| Other | 17.54% |
Sectors
| Industrials | 31.64% |
| Financials | 20.52% |
| Telecommunication | 7.21% |
| Technology | 5.36% |
| Other | 35.27% |
As of 30/01/2026
Performance
Returns overview
| YTD | +1.02% |
| 1 month | -3.65% |
| 3 months | +3.53% |
| 6 months | +5.33% |
| 1 year | +2.73% |
| 3 years | - |
| 5 years | - |
| Since inception (MAX) | +1.54% |
| 2025 | - |
| 2024 | - |
| 2023 | - |
| 2022 | - |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 16.00% |
| Volatility 3 years | - |
| Volatility 5 years | - |
| Return per risk 1 year | 0.17 |
| Return per risk 3 years | - |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | -17.66% |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -21.34% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| London Stock Exchange | GBP | XMN2 | XMN2 LN | XMN2.L |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| Amundi Core Stoxx Europe 600 UCITS ETF Acc | 16,926 | 0.07% p.a. | Accumulating | Full replication |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | 14,674 | 0.12% p.a. | Accumulating | Sampling |
| iShares Core MSCI Europe UCITS ETF EUR (Dist) | 10,576 | 0.12% p.a. | Distributing | Sampling |
| Xtrackers MSCI Europe UCITS ETF 1C | 7,180 | 0.12% p.a. | Accumulating | Full replication |
| iShares Core EURO STOXX 50 UCITS ETF EUR (Acc) | 6,895 | 0.10% p.a. | Accumulating | Full replication |
Latest articles
Frequently asked questions
What is the name of XMN2?
The name of XMN2 is Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged.
What is the ticker of Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged?
The primary ticker of Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged is XMN2.
What is the ISIN of Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged?
The ISIN of Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged is IE000MF9SZ46.
What are the costs of Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged?
The total expense ratio (TER) of Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged amounts to 0.35% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
Is Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged paying dividends?
Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged is an accumulating ETF. This means that dividends are not distributed to investors. Instead, dividends are reinvested in the fund on the ex-date, which leads to an increase of the ETF's share price.
What's the fund size of Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged?
The fund size of Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged is 62m GBP. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.