New ETFs of the week

18 ETFs and ETCs started trading on Xetra and the Frankfurt Stock Exchange this week.

15 October 2024. FRANKFURT (Börse Frankfurt).

• New active bond ETF from AXA IM US offers access to high-yield US bonds denominated in US dollars and rated sub-investment grade on average. These include fixed and floating rate bonds, convertible bonds, callable and perpetual bonds and 144A securities. The selection of creditor securities is based not only on publicly available credit ratings, but also on internal credit and market risk analyses by the investment management team and is a distributing share class where interest income is paid out to investors.
• New bond ETF from iShares provides access to the bond market for short-term government bonds in Europe. The benchmark index consists of euro-denominated investment grade fixed income government bonds with a residual maturity of three months or less from the rebalancing date and is a distributing share class, meaning interest income is paid out to investors on a regular basis.
• Avantis Investors is launching two active equity ETFs with a focus on companies from industrialized countries. The Avantis Global Equity UCITS ETF pursues an active investment strategy and invests primarily in equities (common and preferred stocks) and equity-related securities. The Avantis Global Small Cap Value UCITS ETF also pursues an active investment strategy and focuses on companies from industrialized countries with a small market capitalization. The fund intends to invest up to 70 percent of its assets in US companies and at least 30 percent in securities of issuers based in other industrialized countries.
• KraneShares offers the first proprietary ETC and provides access to futures contracts for CO2 emission allowances, covering the most liquid markets for futures contracts on CO2 emission allowances, including futures contracts on European and UK emission allowances, Californian carbon allowances and Regional Greenhouse Gas Initiative emission allowances. Emissions trading is a market-based instrument of environmental policy to combat environmental pollution. Companies that emit carbon dioxide (CO2) must hold so-called emission rights in the form of certificates. One certificate certifies the emission of one ton of carbon dioxide. If a company wants to emit more carbon dioxide than it has certificates for, it can buy the emission rights from other companies. The number of emission certificates issued by the relevant region is limited.
• PIMCO launches new fixed income ETF focusing on emerging market sovereign local currency bonds. The fund invests primarily in a selection of non-US dollar-denominated fixed-income securities with and without investment grade status. The bonds are weighted according to the gross domestic product of the countries, with a maximum weighting of 15% at the time of rebalancing. The countries currently most strongly represented are Brazil, China, India and Indonesia, and this is an accumulating share class, i.e. the interest income is reinvested.
• Xtrackers launches new thematic ETF and provides access to the global infrastructure sector. The fund invests in companies from developed countries around the world that own and operate infrastructure-only assets that meet predefined sustainability criteria and climate targets. Pure infrastructure sectors include electricity plants, airports, ports, communications, toll roads and waterways. The benchmark index currently comprises 73 stocks. US companies are the most strongly represented with 46 percent, followed by Spain, France, the UK and Australia. It is an accumulating share class.
• The Royal Mint offers new ETC focusing on the gold market with currency hedging. It replicates the spot price of physical gold. In addition, the product includes a EURO currency hedge to reduce the risk of exchange rate fluctuations between the EURO and the US dollar. Physical gold is usually traded in US dollars. The Exchange Traded Commodity is a bond. It makes it possible to profit from the price development of gold without having to own physical gold. The product is fully collateralized; the gold is certified by the London Bullion Market Association (LBMA) and stored at the Royal Mint. Investors can have the value paid out in cash or gold.
• AXA IM offers long-term access to US government bonds through bond ETFs. It pursues a passive investment strategy and invests in long-term, US dollar-denominated government bonds that are publicly issued by the US government on its domestic market. The ETF tracks the ICE US Treasury 25+ Year Bond Index. The fixed-interest bonds must have a remaining term of at least 25 years and an outstanding volume of at least USD 300 million. The fund must invest in at least six different bonds, whereby no single issue may account for more than 30 percent of net assets. It is an accumulating share class where the interest income is reinvested to the investors.
• Xtrackers is offering four new bond ETFs focusing on investment grade Euro corporate bonds. They provide access to a broadly diversified portfolio of corporate bonds maturing in the same calendar year as the ETF's maturity date. At maturity, investors receive a pro rata payment of the nominal value of the bonds including current interest payments. The four new ETFs invest in fixed-interest, euro-denominated corporate bonds with an investment grade rating. The weighting is limited to 3 percent per issuer. In addition, sustainability criteria are taken into account to exclude bonds that do not meet Xtrackers' ESG standards. Investors can choose between the maturity dates 2027, 2029, 2031 or 2033.
• HANetf offers active bond ETFs with access to a broadly diversified portfolio based on a value-based analysis strategy. The actively managed portfolio can include all types of bonds, e.g. government bonds, quasi-government bonds, corporate bonds, mortgage-backed securities or collateralized loan obligations, and when selecting securities, the investment management pursues a value-oriented strategy and selects investments that have superior risk/return characteristics. Criteria such as price, interest rate sensitivity and credit quality are taken into account. The ETF may take temporary defensive positions to react to unfavorable market developments and economic, political or social events.

• Robeco manages four active equity ETFs with a focus on companies worldwide. The 3D investment strategy applied integrates risk, return and sustainability using a quantitative process. Depending on the region, the MSCI World, S&P 500 or MSCI Europe Index serves as a benchmark. Robeco's investment managers aim to outperform the benchmark by weighting the stocks from the benchmark indices differently or by investing in stocks outside the benchmark indices. Management decides on the attractiveness of a company based on the proprietary quantitative equity valuation model, which takes into account factors such as value, quality and momentum. Stocks with profitable business operations, strong price momentum and positive analyst ratings are overweighted. 

  Name	Anlageklasse	ISIN	Verwaltungsgebühr	Referenzindex
  AXA IM US High Yield Opportunities UCITS ETF - USD Dis	Fixed Income ETF	IE00069MGEE1	0.35 per cent	Distributing
  iShares € Govt Bond 0-3 month UCITS ETF EUR (Dist)	Fixed Income ETF	IE000LJ2O0V5	0.07 per cent	Distributing
  Avantis Global Small Cap Value UCITS ETF USD Acc	Fixed Income ETF	IE0003R87OG3	0.22 per cent	Accumulating
  Avantis Global Equity UCITS ETF USD Acc	Equity-ETF	IE000RJECXS5	0.39 per cent	Accumulating
  KraneShares Global Carbon Strategy ETC Securities	ETC	XS2879867773	0.78 per cent	S&P Global Carbon Credit Index
  PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF – USD Acc	Fixed Income ETF	IE00B4P11460	0.39 per cent	Accumulating
  Xtrackers Global Infrastructure ESG UCITS ETF 1C	Equity ETF	IE00BYZNF849	0.35 per cent	Accumulating
  The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC Securities	ETC	XS2892963286	0.35 per cent	LBMA-Gold Price
  AXA IM ICE US Treasury +25Y UCITS ETF USD Acc	Fixed Income ETF	IE000GBYNAU4	0.07 per cent	Accumulating
  Xtrackers II Target Maturity Sept 2033 EUR Corporate Bond UCITS ETF 1C	Fixed Income ETF	LU2673523051	0.12 per cent	Accumulating
  Xtrackers II Target Maturity Sept 2031 EUR Corporate Bond UCITS ETF 1C	Fixed Income ETF	LU2673523135	0.12 per cent	Accumulating
  Xtrackers II Target Maturity Sept 2029 EUR Corporate Bond UCITS ETF 1C	Fixed Income ETF	LU2673522913	0.12 per cent	Accumulating
  Xtrackers II Target Maturity Sept 2027 EUR Corporate Bond UCITS ETF 1C	Fixed Income ETF	LU2673522830	0.12 per cent	Accumulating
  Performance Trust Total Return Bond UCITS ETF	Fixed Income ETF	IE000X5OD4M3	0.75 per cent	Accumulating
  Robeco Dynamic Team Machine UCITS ETF USD Acc	Active Fixed Income ETF	IE000VG2WCW5	0.55 per cent	Accumulating
  Robeco 3D European Equity UCITS ETF EUR Acc	Active Fixed Income ETF	IE0007WLHX89	0.25 per cent	Accumulating
  Robeco 3D US Equity UCITS ETF USD Acc	Active Fixed Income ETF	IE000XERHYF0	0.20 per cent	Accumulating
  Robeco 3D Global Equity UCITS ETF USD Acc	Active Fixed Income ETF	IE000Q8N7WY1	0.25 per cent	Accumulating

The product offering in Deutsche Börse's ETF and ETP segment currently comprises a total of 2,225 ETFs, 194 ETCs and 244 ETNs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.

15 October 2024, © Deutsche Börse