One more ETF issued by ETFlab Investment GmbH, a subsidiary of DekaBank Deutsche Girozentrale, has been admitted to trading on Xetra.
ETF name: ETFlab DJ STOXX 50 Asset class: equity fund ISIN: DE000ETFL250 Management fee: 0.19% Income payments: distributed Benchmark: Dow Jones STOXX 50 index
The Dow Jones EURO STOXX 50 index tracks the performance of the 50 largest companies, according to market capitalization, from 17 European countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
The product offering on Xetra in the XTF segment currently comprises a total of 443 exchange-traded index funds, making it the largest offering of all European stock exchanges. This range, together with an average monthly trading volume of over €9 billion, makes Deutsche Brse’s XTF segment Europe’s leading trading venue for ETFs.
Avox and CUSIP Global Services partner to bring standard entity ‘CABRE’ identifiers to global financial services market Initiative lays foundation for universal identification system for global business entities Avox and CUSIP Global Services (CGS), managed by Standard & Poor’s on behalf of the American Bankers Association, today announced their alliance to create a universal identification system for global business entities. The new standard code, to be known as a “CABRE” (CUSIP Avox Business Reference Entity identifier), will be generated and maintained for issuers, obligors and counterparties on a global basis.
The CABRE has been designed as a 10-character code that will be made available immediately to existing Avox and S&P/CUSIP customers as an adjunct to existing services. The structure will also be made available to global market participants in a variety of distribution options, including
portfolio, bulk-file and web-based applications. A directory containing CABRE’s and basic data for over 250,000 entities from around the world and across all industry classes will be made available in Q2, 2009.
“With so much emphasis on global counterparty risk, and the need for certainty in identifying issuers, counterparties and obligors, we feel CUSIP Global Services is uniquely positioned to assist the industry in this endeavor” says Scott Preiss, VP for CUSIP Global Services in New York. “Given their client-driven system of maintaining global entity data, Avox is an ideal partner to augment our time-tested system of unique issuer and obligor identification.”
D.C.