Five Exchange Traded Funds from the new provider ETFlab Investment GmbHhave been tradable on Xetra since Monday.
The DEKA subsidiary is the ninth ETF provider in the XTF segment of the Frankfurt Stock Exchange, boosting its position as Europes leading trading venue for exchange-traded index funds.
“With todays listing, we are pleased to welcome a new issuer, ETFlab,which has opted for a listing on Europes top ETF platform in terms of turnover and liquidity,” says Rainer Riess, managing director of Deutsche Boerses Cash Market Development department.
Three of the five new ETFs relate to DJ STOXX Style Indices. These indicesare based on the renowned DJ STOXX Blue Chip Indices, yet differ in theirselection criteria, which favour either growth or value stocks. The composition of the index is based on six key fundamentals, including price/earnings ratio, dividend yield, and earnings growth.
The Style ETFs include: ETFlab DJ STOXX Strong Value 20, ETFlab DJ STOXX Strong Growth 20 and ETFlab DJ STOXX Strong Style Composite 40, which is composed of stocks from the first two ETFs. The other two new funds are ETFlab DAX and ETFlab DJ EURO STOXX 50.
The management fee is 0.65% for DJ STOXX Style Indices and 0.15% for ETFlab DAX and ETFlab DJ EURO STOXX 50.