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New Invesco PowerShares ETF launched on Deutsche Börse’s Xetra

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Deutsche Börse has added a new listing its XTF segment for exchange-traded index funds on the Xetra trading platform with the admission to trading of a new ETF from Invesco PowerShare

Deutsche Börse has added a new listing its XTF segment for exchange-traded index funds on the Xetra trading platform with the admission to trading of a new ETF from Invesco PowerShares, the PowerShares EuroMTS Cash 3 Months Fund.

The fund is based on the EuroMTS Government Bill Index, which tracks the total return of government bonds with a maximum maturity of six months issued by seven countries in the euro zone, Germany, France, Spain, Italy, Belgium, the Netherlands and Portugal.

The weight of each individual issuer is capped within the index to a maximum of 34.5 per cent. The management fee of the PowerShares EuroMTS Cash 3 Months Fund is 0.15 per cent.

Xetra currently lists a total of 365 exchange-traded index funds, the largest offering of all European stock exchanges, and currently an average monthly trading volume exceeding EUR9bn.

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