Deutsche Börse: ETF To Be Launched On The MDAX

Deutsche Börse AG is further expanding its XTF market segment for exchange-traded index funds: A new index-tracker fund on the MDAX (WKN 593392) will be launched in XTF on Wednesday. The product is being issued by Indexchange. In addition to a total of eight index funds, private and institutional investors can also trade 11 actively managed funds in XTF in continuous trading.

Through XTF, investors can trade exchange-traded index funds and actively managed equity funds quickly and easily, like shares. There is no load charged 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. Roughly 98 percent of the turnover in fund products in Germany is posted through Xetra. This means that all of the main trading parameters from equities trading are also available in XTF. These include continuous trading, auctions, a minimum lot of one fund share as well as Designated Sponsors who provide for liquidity.