EasyETF has unveiled the iTraxx Europe Main fund, a credit derivative ETF on NYSE Euronext in Paris.
The credit derivative fund tracks the performance of the iTraxx Europe Main TR index, which comprises 125 equally-weighted credit derivatives on investment grade European companies.
The selected companies have credit ratings above BBB according to Standard & Poor's or Baa3 according to Moody's. The market maker of the fund, which has an annual management fee of 0.15%, is BNP Paribas.
The fund is the third tracker within its credit range, following the launch of the EasyETF iTraxx Europe HiVol and EasyETF iTraxx Crossover last year.
The EasyETF range now comprises 60 trackers with listings across Europe and Japan, including 57 listed on Euronext, 10 on the Deutsche Börse, two on the Swiss Stock Exchange, seven on Borsa Italiana and a listing on the Tokyo Stock Exchange.
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