Two new Exchange Traded Funds (ETFs) have been tradable on the electronictrading platform Xetra since Thursday.
The two new index funds were issued by AXA Investment Managers and BNP Paribas under the EasyETF brand, and offer investors targeted participation in the performance of global and European infrastructure companies.
EasyETF NMX30 Infrastructure Global tracks the performance of the worlds 30 largest liquid companies that provide and operate basic infrastructure such as motorways, port facilities and pipelines. Although pursuing the same investment objective, EasyETF NMX Infrastructure Europe limits its selection to the largest liquid infrastructure stocks with a listing on a European stock exchange. Both ETFs are offered with an annual management fee of 0.50%.
The ETF product offering on Xetra currently comprises a total of 310exchange-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 Brses XTF segment Europes leading trading venue for ETFs.