Deutsche Börse: Some 2.8 Billion Euros In Turnover In XTF Segment In February - Some 2.8 Billion Euros In Turnover In XTF Segment In February - Record Turnover Of 1.6 Billion In DAX EX Index Fund - Average Daily Volume Increases 8 Percent - XTF European M

In February 2002, some 2.8 billion euros in volume was traded in XTF, Deutsche Börse's stock-exchange segment for index funds and actively managed funds. Turnover in the XTF segment thus remains stable at record levels (January 2002: 2.9 billion euros). The daily average volume traded in XTF rose from 131 million euros to 141 million euros in February, an increase of about eight percent. With a market share of about 51 percent, the XTF segment was the European market leader in exchange-traded index funds again in February.

The index fund on the DAX (DAX EX) was the highest-turnover index fund in the XTF segment in February, with a record volume of about 1.6 billion euros traded. The previous record was 1,5 billion euros in August 2001. This record volume corresponds to an increase of about 20 percent over the previous month's figure. The DAX EX is the highest-volume exchange traded fund in Europe, with a European market share of more than 30 percent.

There are 39 index funds and 13 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 the fund products in the XTF segment 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.