Deutsche Brse expands its XTF segment for exchange-traded index funds (ETFs) on the pan-European Xetra trading platform and admits a new ETF from the issuer Invesco PowerShares to trading on Tuesday.
ETF product comprises 365 exchange-traded index funds. Deutsche Brses XTF segment with average monthly trading volume of over 9 billion funds is favourable venue for European market. The management fee of this new ETF is 0.15%.
The PowerShares EuroMTS Cash 3 Months Fund is based on the EuroMTS Government Bill Index. This index tracks the total return of government bonds with a maximum maturity of 6 months issued by seven countries in the euro zone: Germany, France, Spain, Italy, Belgium, The Netherlands and Portugal. The weight of each individual issuer is capped within the index to a maximum of 34.5%.
L.D.