Another new listed bond index fund issued by ETFlab Investment GmbH, a subsidiary of DekaBank Deutsche Girozentrale, has been tradable on Xetra since Tuesday.
ETF name: ETFlab iBoxx EUR Liquid Germany Covered DiversifiedAsset class: Bond index ETFISIN: DE000ETFL359Management fee: 0.09 percentDistribution policy: distributingBenchmark: Markit iBoxx EUR Liquid Germany Covered Diversified
The index tracks the market for German Jumbo Pfandbriefe (mortgage bonds) and comprises up to 30 liquid bonds with a minimum issue volume of 1 billion euros. A maximum of four Pfandbriefe per issuer can be included in the index. The maximum weighting per issuer is limited to 15 percent.
The product offering in Deutsche Brses XTF segment currently contains a total of 550 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of 10 billion euros, makes Xetra Europes leading trading venue for ETFs.
D.C.