Ossiam has launched a new equity index smart beta exchange traded fund (ETF) on Deutsche Börse’s XTF segment on Xetra and Börse Frankfurt.
The Ossiam Shiller Barclays CAPE US Sector Value TR UCITS ETF 1C (EUR) enables investors to participate in the performance of the four most undervalued US sectors. The sectors are selected monthly based on the relative CAPE ratio and 12-month momentum. CAPE stands for cyclically adjusted price-earnings and calculates the ratio of the share price to the average of the past ten years of earnings, adjusted for inflation.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,084 exchange traded funds.