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Six fixed income ETFs from ETFlab launched on Xetra

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Six bond index funds by ETF-issuer ETFlab Investment, a subsidiary of DekaBank Deutsche Girozentrale, have become tradeable on the XTF segment of Deutsche Börse’s Xetra trading pla

Six bond index funds by ETF-issuer ETFlab Investment, a subsidiary of DekaBank Deutsche Girozentrale, have become tradeable on the XTF segment of Deutsche Börse’s Xetra trading platform.

The six new exchange traded funds are tracking the iBoxx Euro Liquid Sovereign Diversified index family’s performance with varying durations.

The indices each consist of 25 euro-denominated government bonds, whereas a maximum of four bonds per country can be incorporated. Ccurrently included are Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovenia and Finland.

The new ETFS are ETFlab iBoxx Euro Liquid Sovereign Diversified 7-10, ETFlab iBoxx Euro Liquid Sovereign Diversified 5-7, ETFlab iBoxx Euro Liquid Sovereign Diversified 3-5, ETFlab iBoxx Euro Liquid Sovereign Diversified 1-3, ETFlab iBoxx Euro Liquid Sovereign Diversified 1-10 and ETFlab iBoxx Euro Liquid Sovereign Diversified 10+.

The indices are reviewed quarterly and their composition is adjusted accordingly. The maximum weighting of bonds from a euro-zone country is capped at 20 per cent. The management fee for all six ETFs is 0.15 per cent.

The XTF-product portfolio on Xetra currently consists of 411 exchange traded index funds, making it the largest among all European exchanges, with an average monthly trading volume of more than EUR10bn.

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