Deutsche Börse has released a new index family based on the government bond market, comprising si...
Deutsche Börse has released a new index family based on the government bond market, comprising six Eurogov indices. The range of indices tracks fixed-income government bonds in the German market, denominated in euros.
Six bond index ETFs tracking the Eurogov indices have also been launched on the XTF segment of the exchange, by ETFlab Investment, a subsidiary of DekaBank Deutsche Girozentrale.
The indices measure the performance of the German government bond market, with each index covering a different maturity. Five of the indices only cover bonds with a minimum residual maturity of one year.
The Eurogov Germany Money Market index consists of fixed-rate bonds with a residual maturity of two months and a maximum of one year.
The bonds must have an outstanding minimum volume of €4bn in order to be included in the indices and zero coupon bonds are excluded.
The ETFs track the indices with various maturities, which comprises two months to one year; one to three years; three to five years; one to 10 years; five to 10 years and more than 10 years.
The composition of the Eurogov indices is reviewed and adjusted on a quarterly basis, while the Eurogov Germany Money Market index is adjusted on a monthly basis.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected