Four new listed equity index funds issued by CS ETF (IE) plc have been tradable in Deutsche Börse’s XTF segment since Tuesday. The new ETFs track the European and US money markets, the global equities market and the alternative energies sector.
ETF name: CS ETF (IE) on EONIA
Asset class: money market ETF
ISIN: IE00B42SXC22
Total expense ratio: 0.04 percent p.a.
Distribution policy: non-distributing
Benchmark: Credit Suisse EONIA Total Return Index
ETF name: CS ETF (IE) on Fed Funds Effective Rate
Asset class: money market ETF
ISIN: IE00B3XDJG53
Total expense ratio: 0.04 percent p.a.
Distribution policy: non-distributing
Benchmark: Credit Suisse Fed Funds Effective Rate Total Return Index
ETF name: CS ETF (IE) on MSCI World
Asset class: equity index ETF
ISIN: IE00B3NBFN86
Total expense ratio: 0.21 percent p.a.
Distribution policy: non-distributing
Benchmark: MSCI World
ETF name: CS ETF (IE) on Credit Suisse Global Alternative Energy
Asset class: equity index ETF
ISIN: IE00B3YKW880
Total expense ratio: 0.57 percent p.a.
Distribution policy: non-distributing
Benchmark: Credit Suisse Global Alternative Energy Index Net USD
The Credit Suisse EONIA Total Return Index reflects a daily rolled deposit earning EONIA (the Euro Over Night Index Average), an effective overnight rate computed as a weighted average of all overnight unsecured lending transactions in the interbank market determined by the European Central Bank.
The Fed Funds Effective Rate Total Return Index reflects a daily rolled deposit earning the federal funds effective rate. The effective federal funds rate represents the weighted average interbank interest rate that federal funds actually trade at in a day. The CS ETF (IE) on Fed Funds Effective Rate is traded on Xetra in euros. Thus both EUR/USD exchange rate fluctuations and the US dollar money market rate impact performance for euro investors.
The MSCI World Index currently comprises around 1,700 international securities from 24 industrialised nations. The equities are selected on the basis of market capitalisation. Securities from the US, Europe (including UK) and Japan account for approximately 50 percent, 34 percent and 10 percent of the MSCI World Index respectively. The remaining equities are mainly from Canada and Australia.
The Credit Suisse Global Alternative Energy Index Net USD reflects the performance of alternative energy markets worldwide. It comprises 30 major companies in the five sectors natural gas, wind, solar, bioenergy/biomass and geothermal power/hydropower/fuel cells/batteries, with the weighting of each sector limited to 20 percent.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 779 exchange-listed ETFs, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €13 billion, makes Xetra Europe’s leading trading venue for ETFs.
