ETF provides access to corporate bonds with variable interest rates…
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A new exchange-listed index fund issued by Lyxor International Asset Management has been tradable on Xetra and Börse Frankfurt since Tuesday.
The new Lyxor UCITS ETF Barclays Floating Rate Euro 0-7Y tracks the performance of the Barclays Euro Corporate FRN 0-7Y Enhanced Duration Index. The reference index comprises corporate bonds denominated in euros with a variable rate of interest. The corporate bonds must have a residual maturity of up to seven years at the time of inclusion in the index.
Name: Lyxor UCITS ETF Barclays Floating Rate Euro 0-7Y
Asset class: bond ETF
Ongoing charges: 0.165%
Distribution policy: accumulating
Reference index: Barclays Euro Corporate FRN 0-7Y Enhanced Duration Index