Average daily volume in the XTF segment as a whole was 100.4 million euros in October, roughly six percent higher than the previous month's figure. In the index funds, the average daily volume traded on Xetra was about 96 million euros in October (September: 88.56 million euros). The highest-volume product was the DAX EX index fund with some 1.3 billion euros in turnover, an increase of about 5 percent. The DAX EX ranked 16th on the list of most-active securities on Xetra in October. The Dow Jones Euro Stoxx 50 EX index fund showed an increase of more than 125 percent in turnover and, with volume of 419.3 million euros traded, ranked second among the XTF products in October.
There are 18 index funds and 11 actively managed equity funds listed in the XTF market segment. There are no loads for the purchase of fund shares through the stock exchange; all the investor has to pay are the usual transaction costs for the purchase and sale of securities. Investors can buy the shares through any bank that offers trading in equities.
Roughly 98 percent of the volume traded in fund products in Germany is posted through Xetra, which means that all of the main trading parameters from equities trading are also valid for XTF.These include continuous trading, auctions, a minimum lot of one fund share as well as Designated Sponsors who provide for liquidity.
