Deutsche Boerse is further expanding its XTF segment for exchange-tradedfunds (ETFs) on the pan-European Xetra trading platform and is listing five additional ETFs issued by Barclays Global Investors.
The following three iShares ETFs enable investment for the first time incompanies selected according to their compliance with Islamic law: iSharesMSCI World Islamic, iShares MSCI USA Islamic and iShares MSCI Emerging Markets Islamic.
Sharia-compliant investments exclude the gambling, alcoholic beverages, pornography, cigarettes, weapons and pork sectors. Investments which generate earnings through interest income are not allowed either, which rules out the majority of financial service providers.
The iShares S&P Global Timber & Forestry enables investmentin the 25 leading stocks from the timber industry, including listedforestry and paper conversion companies. Finally, the iShares MSCI Latin America tracks the performance of the Index MSCI Latin America, whichrepresents 85% of Latin Americas market capitalization.
The ETF product offering on Xetra currently comprises a total of 312exchange-traded index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of over 9 billion, makes Deutsche Boerses XTF segment Europes leading trading venue for ETFs.