New PowerShares equity index ETF launched on Xetra

First ETF based on companies classified as “Buyback Achievers”…

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A new equity index fund from the ETF offering issued by PowerShares Global Funds has been tradable in the XTF segment on Xetra since Monday.

ETF name: PowerShares Global Buyback Achievers UCITS ETF
Asset class: equity index ETF
Total expense ratio: 0.39 percent
Distribution policy: distributing
Benchmark: NASDAQ Global Buyback Achievers NTR Index

The PowerShares Global Buyback Achievers UCITS ETF tracks for the first time the performance of the NASDAQ Global Buyback Achievers NTR Index. The reference index comprises companies with a global focus which are listed in the NASDAQ International or NASDAQ US Buyback Achievers Index. Companies must have bought back at least five percent of their outstanding stock over the past twelve months to be considered.

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,041 exchange traded funds. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.