iShares and Goldman Sachs have unveiled fixed income and hedge fund replication ETFs on the German Stock Exchange Xetra.
The fund, which has attracted over €233m in net assets since launch on the London Stock Exchange in February, offers exposure to the largest and most liquid euro-denominated corporate bonds with sub-investment grade rating.
Only bonds with a minimum amount outstanding of €250m are included, and the weight of each issuer in the index is capped at 5% in order to maintain diversification.
The Goldman Sachs ETF Portfolio tracks the performance of the Goldman Sachs Absolute Return Tracker Index. The index uses an algorithm intended to approximate patterns of returns of hedge funds as a broad asset class.
The two listings bring the product offering on Deutsche Boerse's Xetra platform to a total of 753 ETFs. As well as hosting the largest offering of ETFs of all European stock exchanges, Xetra has an average monthly trading volume of around €13bn.
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