Bringing you live news and features since 2006 

Avana lists first feeder ETF on Xetra

RELATED TOPICS​

Avana Invest has listed the Avana Emerging Market Equity UCITS ETF Feeder on the Xetra active ETF segment of the Deutsche Börse.

 
The new exchange-traded fund is the first feeder ETF on Xetra and is the result of a cooperation between Avana Invest and Morgan Stanley’s fund platform, FundLogic Alternatives.
 
The Master Fund FundLogic Emerging Markets Equity Fund was launched by FundLogic two years ago. Avana Invest subsequently secured Morgan Stanley as designated sponsor for the Emerging Market UCITS ETF Feeder.
 
“We are pleased to act as the designated sponsor,” says Dirk Grunert, executive director at Morgan Stanley. “On one hand because of Avana’s founding partner Götz J Kirchhoff, who is an ETF pioneer, and on the other hand because the Feeder ETF is a unique product developed by Avana and FundLogic.”
 
The Avana Emerging Markets Equity UCITS ETF feeder replicates the performance of the FundLogic Emerging Markets Equity Fund. This fund tracks the performance of the MSCI Emerging Markets TR USD Index using a swap construction.
 
The low cost of the master fund’s portfolio coupled with the underlying portfolio (not subject to securities lending) leads to an exact index replication (minus costs) i.e. a very low tracking error. The management fee of the master fund of only 0.20 per cent per annum includes all costs incurred in that fund.
 
“With a total management fee of 0.40 per cent pa and a service fee of 0.10 per cent pa our ETF currently has a total expense ratio of 0.50 per cent pa, making it one of the most cost efficient in this market segment," says Kirchhoff (pictured).

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by