A new exchange-listed bond index fund issued by Lyxor Asset Management has been tradable in Deutsche Börse’s XTF segment since Thursday…….
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ETF name: Lyxor UCITS ETF iBoxx Germany 1-3Y (DR)
Asset class: bond index ETF
Total expense ratio: 0.165 percent
Distribution policy: non-distributing
Benchmark: iBoxx € Germany 1-3 Total Return Index
The Lyxor UCITS ETF iBoxx Germany 1-3Y (DR) provides investors with access to the performance of EUR-denominated government bonds with short maturities issued by the Federal Republic of Germany. Bonds must have a fixed rate of interest, an outstanding issue volume of at least EUR 2 billion and a residual maturity of one to three years to be accepted into the corresponding index.