The UC AXI Global Coco Bonds UCITS ETF – Institutional EUR-hedged gives investors the opportunity to participate in the performance of CoCo bonds of global financial institutions….
CoCo bonds are long-dated, subordinated bonds with mostly fixed coupons, which are automatically converted from debt into equity when predetermined events occur.
CoCo bonds, like subordinated bonds, are used to offset other higher-ranking liabilities.
The ETF uses a hedging strategy to minimise the exchange rate risk between the base currency of the index components and the euro.
Name : UC AXI Global Coco Bonds UCITS ETF – Institutional EUR-hedged
Asset class : Bond ETF
Ongoing charges: 0.65 per cent
Dividend : Accumulating
Reference index: Solactive AXI Liquid Contingent Capital Global Market Index – EUR Hedged
Stock Exchange: Xetra