A new equity index fund from the ETF offering issued by PowerShares Global Funds – the PowerShares Global Buyback Achievers UCITS ETF – has launched on the XTF segment on Xetra.
The new ETF tracks for the first time the performance of the NASDAQ Global Buyback Achievers NTR Index. The reference index comprises companies with a global focus which are listed in the NASDAQ International or NASDAQ US Buyback Achievers Index. Companies must have bought back at least five percent of their outstanding stock over the past twelve months to be considered.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,041 exchange traded funds. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.