Deutsche Brse says that six new exchange-traded funds (ETFs) will be tradable in its XTFsegment from Thursday. “This will make XTF the largest segment for ETFs in Europe, with one of the most diverse product offerings in this sector,” says the exchange. With the new index funds, the number of ETFs in the XTF segment will increase to 63.
The new funds are sector and country ETFs: Fresco DJ Germany Titans 30, Fresco DJ US Large Cap, Fresco Stoxx European Banks, Fresco Stoxx European Health Care, Fresco Stoxx European Technology and Fresco European Telecommunication. One further ETF, the Fresco DJ Japan Titans 100, will soon follow. Fresco Index Shares, a subsidiary of UBS Global Asset Management, is thus expanding its product portfolio from four to 11 ETFs.
In terms of the total turnover in exchange-traded funds for the year to date in 2002, XTF has a market share of 47.2 percent. The cross-listed products have been especially successful: Among the ETFs that are also listed on other European exchanges in addition to XTF, 75.5 percent of the turnover in August was posted in the XTF segment of Deutsche Brse.