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Volume of 1.9 billion euros was traded in XTF, Deutsche's Börse's segment for exchange-traded index funds and actively managed funds, in September. Thus, turnover in this segment overall was about 20 percent lower after the record month of August (2.4 billion euros). In the actively managed funds, with volume of 123 million euros traded, turnover was more than 77 percent higher than the previous month's figure (69.8 million euros). Index funds accounted for 93 percent of the XTF total, actively managed funds, seven percent.
Average daily volume in the XTF segment as a whole was 94.7 million euros in September (August: 105.7 million euros). In the index funds, the average daily volume traded on Xetra was 88.6 million euros in September. The highest-volume product was the DAX EX index fund with some 1.22 billion euros in turnover. The Dow Jones Euro Stoxx 50 LDRS index fund posted an increase of more than 67 percent and, with volume of 226.6 million euros traded, ranked second among the XTF products in September.
There are 18 index funds and 11 actively managed exchange traded 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 purchase 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.
