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Deutsche Börse is expanding trading with innovative investment funds. A leveraged index fund issued by Société Générale Asset Management has been listed in the Xetra Funds segment since Wednesday.
The SGAM ETF Leveraged DJ EURO STOXX 50 (ISIN: FR0010368506) tracks the performance of the DJ EURO STOXX 50-Index with leverage of up to two. The leverage level is set on a quarterly basis. This allows investors above-average participation in market movements. The DJ EURO STOXX 50-Index comprises 50 euro-zone stocks, selected on the basis of their market capitalization, trading volume and industry. The management fee for this structured index fund is 0.60 percent per year.
While in the early years, Deutsche Börse's XTF segment listed index funds on well-known European and US equity indices in particular, investors now have access to a vast range of ETFs on exotic markets, other asset classes, such as real estate and commodities, and diverse investment strategies. This allows investors to structure their portfolios in an increasingly optimized manner from a risk-return point of view.
At €10.2 billion, stock exchange turnover for ETFs passed the 10 billion euro mark for the first time in March 2007, representing year-on-year growth of 64 percent. Fund assets under management reached €47.5 billion at the close of 2006, a 77 percent increase over 2005 (€26.9 billion). At the end of March 2007, fund assets under management reached a new record high of €53.0 billion.
