A new bond index fund from the exchange-traded fund offering issued by SPDR (State Street Global Advisors) – SPDR Thomson Reuters Global Convertible Bond UCITS ETF – has begun trading in the XTF segment on Xetra.
The new ETF offers investors the opportunity to participate for the first time in the performance of the global market for convertible bonds.
The index includes convertible bonds both with and without an investment grade rating and with fixed or floating interest rates. The weighting is limited to four per cent per issuer.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,043 exchange traded funds.
