13.04.2016, 12:29
Deutsche-Boerse: New UniCredit ETF on convertible bonds launched on Xetra
OREANDA-NEWS. A second ETF on European convertible bonds issued by Structured Invest S.A., a wholly-owned subsidiary of UniCredit Bank AG, is tradable on Xetra as of Wednesday.
ETF name: UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (dis)
Asset class: bond index ETF
ISIN: LU1372156916
Total expense ratio: 0.95 percent
Distribution policy: distributing
Benchmark: Thomson Reuters Monthly Europe Focus Convertible Index
The UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (dis) enables investors to participate in the performance of European convertible bonds. The ETF provides diversified investment opportunities in large, liquid convertible bonds from European issuers in various sectors. The reference index comprises highly convex bonds only. High convexity is generally a desirable feature; it means that the price of a bond will fall less severely when interest rates rise, and will rise more strongly when rates fall than a bond with lower convexity. Bonds tracked by the reference index may have an investment grade rating and a fixed or variable rate of interest. The bonds are required to reach a specific issue volume in the local currency; a bond position is limited to 8 percent per issuer.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,144 exchange traded funds. This selection, together with an average monthly trading volume of around €16 billion, makes Xetra Europe’s leading trading venue for ETFs.
Xetra® and XTF® are registered trademarks of Deutsche Börse AG.
ETF name: UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (dis)
Asset class: bond index ETF
ISIN: LU1372156916
Total expense ratio: 0.95 percent
Distribution policy: distributing
Benchmark: Thomson Reuters Monthly Europe Focus Convertible Index
The UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (dis) enables investors to participate in the performance of European convertible bonds. The ETF provides diversified investment opportunities in large, liquid convertible bonds from European issuers in various sectors. The reference index comprises highly convex bonds only. High convexity is generally a desirable feature; it means that the price of a bond will fall less severely when interest rates rise, and will rise more strongly when rates fall than a bond with lower convexity. Bonds tracked by the reference index may have an investment grade rating and a fixed or variable rate of interest. The bonds are required to reach a specific issue volume in the local currency; a bond position is limited to 8 percent per issuer.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,144 exchange traded funds. This selection, together with an average monthly trading volume of around €16 billion, makes Xetra Europe’s leading trading venue for ETFs.
Xetra® and XTF® are registered trademarks of Deutsche Börse AG.
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