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New ETFlab bond index ETF launched on Xetra

GERMANY 47

Deutsche Börse is further expanding its XTF segment for exchange-listed index funds on the Xetra trading platform. A new ETF issued by ETFlab was admitted to trading on Tuesday.  ..


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    ETF name: ETFlab iBoxx € Liquid Non-Financials Diversified
    Asset class: bond index ETF
    ISIN: DE000ETFL383
    Management fee: 0.20 percent
    Distribution policy: distributing
    Benchmark: Markit iBoxx € Liquid Non-Financials Diversified Index

    The ETFlab iBoxx € Liquid Non-Financials Diversified ETF offers investors the opportunity to invest in the performance of euro-denominated corporate bonds issued by companies outside the financial sector. The reference index comprises a maximum of 40 bonds from companies headquartered in the euro zone and in Denmark, Norway, Sweden, Switzerland and the UK. The bonds have an outstanding volume of at least €750 million. The weighting of a bond in the index is limited to 7.5% and the index may contain no more than two bonds from the same issuer.

    The product offering in Deutsche Börse’s XTF segment currently comprises a total of 804 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €13 billion, makes Xetra Europe’s leading trading venue for ETFs.

    Source: ETFWorld – Deutsche Börse


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