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New ETFlab Bond Index ETF Launched on Xetra

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Another new listed bond index fund issued by ETFlab Investment GmbH, a subsidiary of DekaBank Deutsche Girozentrale, has been tradable on

        Xetra since Tuesday.

         

        ETF name: ETFlab iBoxx EUR Liquid Germany Covered Diversified
        Asset class: Bond index ETF
        ISIN: DE000ETFL359
        Management fee: 0.09 percent
        Distribution policy: distributing
        Benchmark: Markit iBoxx EUR Liquid Germany Covered Diversified

        The index tracks the market for German Jumbo Pfandbriefe (mortgage bonds) and comprises up to 30 liquid bonds with a minimum issue volume of 1 billion euros. A maximum of four Pfandbriefe per issuer can be included in the index. The maximum weighting per issuer is limited to 15 percent.

        The product offering in Deutsche Börse’s XTF segment currently contains a total of 550 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of 10 billion euros, makes Xetra Europe’s leading trading venue for ETFs.

        Source: ETFWorld – SIX Swiss Exchange

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