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A new actively managed equity ETF issued by new issuer AVANA II Investment AG has been tradable in the active ETF segment of Xetra for the first time since Wednesday.
Name: AVANA Emerging Markets Equity UCITS ETF Feeder
Asset class: equities
ISIN: DE000A1JFU03
Total expense ratio: 0.50 percent
Distribution policy: non-distributing
Benchmark: Emerging Markets Equity Fund Anteilsklasse I USD
The new AVANA Emerging Markets Equity UCITS ETF Feeder enables investors to participate to at least 85% in the performance of the master fund Emerging Markets Equity Fund Anteilsklasse I USD. Up to 15% of the assets can be invested in bank balances or derivatives.
The investment objective of the master fund is to track the performance of the MSCI Emerging Markets Index, which in turn represents the development of stock corporations from the following 21 emerging market countries: Brazil, Chile, China, Columbia, the Czech Republic, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Morocco, Peru, the Philippines, Poland, Russia, South Africa, South Korea, Taiwan, Thailand and Turkey.
To achieve this objective, the company invests, among others, in stock corporations in the MSCI Emerging Markets Index.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 998 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.
