Ossiam has listed the Ossiam Solactive Moody’s Analytics IG EUR Select Credit ETF on Xetra….
Bruno Poulin, CEO of Ossiam
Name: Ossiam Solactive Moody’s Analytics IG EUR Select Credit – UCITS ETF 1C (EUR)
Asset class: bond index ETF
Ongoing charges p.a.: 0.35 percent
Distribution policy: accumulating
Reference index: Solactive Moody’s Analytics IG EUR Select Credit Index
The “Ossiam Solactive Moody’s Analytics IG EUR Select Credit – UCITS ETF” enables investors to participate in the performance of euro-denominated fixed-income corporate bonds with an investment grade rating. The equally weighted components of the reference index are selected using a rule-based procedure and must have a minimum issue volume of €750 million.
The methodology selects a liquid and investable bond portfolio from the components of the Solactive Euro IG Corporate Index (”investment universe”) which is first filtered to retain only the most liquid bonds. It is then further refined by a quality filter based on Moody’s Analytics EDF credit measures to remove the bonds displaying the highest downside risk. The final stage of the process is to compare the remaining bonds’ Option Adjusted Spread to their Moody’s Analytics Fair Value Spread to select the 100 most-undervalued bonds. The Solactive Moody’s Analytics IG EUR Select Credit Index is equally-weighted, re-balanced quarterly and aims to maintain the same sector and duration exposure as the investment universe. The index allows a maximum weighting of 5% per issuer. The index is calculated and published by Solactive.
The ETF is available in one accumulating (1C) share class on Euronext Paris .The inception date was 30/01/2018.