Three new bond index ETFs and one new equity index ETF issued by iShares have been tradable in Deutsche Börse’s XTF segment since Wednesday.
ETF Name: iShares Global Government AAA-AA Capped Bond
Asset class: bond index ETF
ISIN: DE000A1J7CM0
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays Global Government AAA-AA Capped Bond Index
ETF name: iShares Global Corporate Bond
Asset class: bond index ETF
ISIN: DE000A1J7CK4
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays Global Aggregate Corporate Bond Index
ETF name: iShares Barclays Capital Euro Corporate Bond Interest Rate Hedged
Asset class: bond index ETF
ISIN: DE000A1J7CL2
Total expense ratio: 0.25 percent
Distribution policy: distributing
Benchmark: Barclays Capital EUR Corporate Interest Rate Hedged Index
The iShares Global Government AAA-AA Capped Bond offers access to government bonds in local currencies issued worldwide by developed economies with a credit rating of at least Aa3, AAA- or AA-. The weight of government bonds with an AAA- rating in the index is capped at 20% while the weight of those rated AA- is capped at 10%.
The iShares Global Corporate Bond invests in fixed-income corporate bonds which are issued by companies in industrialised and emerging market countries and have an investment grade rating and a residual maturity of at least one year.
The iShares Barclays Capital Euro Corporate Bond Interest Rate Hedged tracks the performance of fixed-interest investment grade securities denominated in euros and issued by companies in the industrial, utilities and financial sectors. The ETF is hedged against interest rate risk using German government bonds. Once a month the return on a basket of futures contracts on German government bonds is subtracted from the total return of the Barclays Euro Corporate Bond Index.
ETF name: iShares MSCI Mexico IMI Capped
Asset class: equity index ETF
ISIN: DE000A1J7CN8
Total expense ratio: 0.65 percent
Distribution policy: non-distributing
Benchmark: MSCI Mexico IMI Capped Index
The iShares MSCI Mexico IMI Capped is an equity index ETF offering investors access to Mexican equities which fulfil the criteria for size, liquidity and free-float market capitalisation set by the MSCI. The weight of the largest group entity within the index is regularly capped at 30% and that of the remaining group entities at 20%.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1009 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €12 billion, makes Xetra Europe’s leading trading venue for ETFs.