ETF physically tracks bonds with differing durations issued by the Republic of Turkey….
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The world’s first Turkish bond index ETF, issued by LAM ZyFin Global Markets, has been tradable on Xetra and Börse Frankfurt since Tuesday.
Name: LAM Alternatif ZyFin Turkey Sovereign Bond UCITS ETF
Asset class: bond ETF
Total expense ratio: 0.89 percent
Distribution policy: accumulating
Benchmark: ZyFin Turkey Sovereign Bond Laddered Index (Total Return, USD)
The LAM Alternatif ZyFin Turkey Sovereign Bond UCITS ETF enables investors to participate for the first time in the performance of Turkish government bonds denominated in Turkish lira. The reference index comprises six bonds, each representing two of the bonds with the shortest durations from the duration groups 2-5 years, 5-10 years and 10+ years. Additional selection criteria are fixed interest payment, a minimum value of TRY 100 million, denomination in Turkish lira and a minimum residual term of two years. The fund is calculated in US dollars.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,142 exchange traded funds. This selection, together with an average monthly trading volume of around €15 billion, makes Xetra Europe’s leading trading venue for ETFs.