As of Monday, 18 more exchange-listed index funds from provider Source are tradable on the pan-European platform Xetra. For the first time, investors can track the performance of the Dow Jones STOXX 600 Optimised Supersector indices. This is a new index family using the market-wide European Dow Jones STOXX 600 index. The equities are distributed across 18 supersectors depending on their exchange turnover, free float and lending potential.
The Dow Jones Stoxx 600 Optimised Supersector indices cover a total of 16 European countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
The 18 new equity index ETFs complement the 13 ETFs and 22 ETCs from Source, which have been traded on Xetra since 20 April. Provider Source was founded by Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley.
The management fee for the new products is 0.30% for each product. Returns are reinvested. The product offering in the XTF segment on Xetra comprises a total of 477 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of over Euro 9 billion, makes Deutsche Brses XTF segment Europes leading trading venue for ETFs.
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