Trading of the eb.rexx Jumbo Pfandbriefe EX in the XTF segment on the Deutsche Borse started yesterday. It was issued by Indexchange Investment AG, and is based on the eb.rexx Jumbo Pfandbriefe selection index. The index is calculated by Deutsche Borse from thecontinually generated prices of the 25 most liquid fixed-income instruments in the Jumbo Pfandbriefe segment of the electronic fixed-income trading platform Eurex Bonds.
“Growing interest in the trading of Jumbo Pfandbriefe underscores the high acceptance of our Eurex Bonds trading platform in the market,” says Rudolf Ferscha, CEO of Eurex. “In the first week of December, a new high was achieved in the trading of Jumbo Pfandbriefe, with average daily turnover of 80 million euros.”
The ETF has an annual management fee of 0.09 percent, making it the most competitively priced exchange-traded fund in Europe, according to the issuer.
Fixed-income ETFs in the XTF segment continued to see growing demand in 2004: By the end of November, the total assets under management of the five then listed fixed-income ETFs had grown by 36 percent year on year to €928 million. The traded volume in these bond ETFs was €709 million as per the end of November – more than twice the amount recorded for the entire year in 2003 (€329 million).