Deutsche Brse launched a new index family for the French government bond market with five EUROGOV France indices on 3 January. The EUROGOV France indices track the French market for fixed-income government bonds denominated in euros.
The five indices measure investment success in the market segment of highly liquid government bonds, each of them covering a different maturity. To be included in the indices, bonds must have an outstanding minimum volume of 4 billion. The indices exclude zero-coupon bonds. The index may be composed of up to 15 bonds.
The ETF issuer ETFlab Investment GmbH, a subsidiary of DekaBank Deutsche Girozentrale, has launched four bond index funds on the new EUROGOV indices, which have been traded in Deutsche Brses XTF segment since Tuesday. These enable investors to participate in the performance of the French markets highly liquid government bonds in the desired maturity.
The composition of the EUROGOV France indices is reviewed and adjusted quarterly. The weighting of the bonds in the index is based on their market capitalisation. Changes to the outstanding nominal volume are made in the index when the composition is updated on the respective dates. A bonds index weighting is limited to 30 percent on the specific dates.
The product offering in Deutsche Brses XTF segment currently comprises a total of 771 exchange-traded index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around 13 billion, makes Xetra Europes leading trading venue for ETFs.
The four newly listed ETFlab Deutsche Brse EUROGOV France ETFs are listed below. The management fee is 0.15 percent for each product:
ETFlab Deutsche Brse EUROGOV France, ISIN: DE000ETFL425ETFlab Deutsche Brse EUROGOV France 1-3, ISIN: DE000ETFL391ETFlab Deutsche Brse EUROGOV France 3-5, ISIN: DE000ETFL409ETFlab Deutsche Brse EUROGOV France 5-10, ISIN: DE000ETFL417
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