New ETF issuer Ossiam Lux starts on Xetra


Five exchange-listed index funds from the new issuer Ossiam Lux will be tradable on Xetra from Monday for the first time. Ossiam is a subsidiary of Natixis, the investment bank owned by French savings and cooperative banks. Ossiam offers index funds which are based on both quantitative and fundamental data...

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    “We welcome new issuer Ossiam to Xetra and are pleased that Ossiam has chosen to be listed on Europe’s leading platform for exchange-listed index products. Investors across Europe are now able to benefit from the innovative concepts of Ossiam’s products,” said Rainer Riess, Managing Director of Xetra Market Development at Deutsche Börse.

    The two ETFs Ossiam ETF STOXX® EUROPE 600 equal weight NR and Ossiam ETF EURO STOXX 50® equal weight NR follow the same investment strategy: each ETF invests in all the shares in its respective underlying index, STOXX® EUROPE 600 and EURO STOXX 50®, respectively. However, the securities are not weighted according to their market capitalisation as in the underlying index. Instead, each company occupies an equal proportion of the portfolio, which is normally 0.1667% and 2% respectively. This thus also results in a different weighting in the various market sectors.

    The three ETFs on the indices of the Ossiam Minimum Variance series give the investor the opportunity to participate in the performance of strongly diversified portfolios which are composed in a dynamic process. The weighting of the selected shares is set in accordance with an optimisation process which creates high risk diversification and accordingly low variance. No company can exceed a maximum of 5% of the portfolio and no sector can represent more than 20% of the total.

    The Ossiam ETF Europe Minimum Variance Index NR draws from the 300 most liquid companies on the STOXX

    ® Europe 600 Index. The Ossiam US Minimum Variance Index Net Return USD, on the other hand, selects from the 250 most liquid equities in the S&P 500® Index. Each ETF tracks the latter in its trading and fund currency, the Euro and US Dollar respectively.

    The product offering in Deutsche Börse’s XTF segment currently comprises a total of 816 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €14 billion, makes Xetra Europe’s leading trading venue for ETFs.

    5 Ossiam ETFs with ISIN and total expense ratio:

    Ossiam ETF ISIN Total expense ratio
    Ossiam ETF STOXX® EUROPE 600 EQUAL WEIGHT NR LU0599613147 0.35%
    Ossiam ETF EURO STOXX 50® EQUAL WEIGHT NR LU0599613063 0.30 %
    Ossiam ETF Europe Minimum Variance NR LU0599612842 0.65 %
    Ossiam ETF US Minimum Variance NR (EUR share class) LU0599612685 0.65 %
    Ossiam ETF US Minimum Variance NR (USD share class) LU0599612412 0.65 %

    Source: ETFWorld – Deutsche Börse