The EuroMTS 3-5 year Master Unit and EuroMTS 10-15 year Master Unit complement the EuroMTS Global Master Unit, successfully launched in Italy by Lyxor AM in April and afford market participants and fund managers new opportunities to trade the eurozone government bond yield curve.
The EuroMTS indices are the first real time, independent government bond indices, which use tradable prices sourced from the MTS inter-dealer markets, the premier trading system for European fixed-income.
“Thanks to the addition of the maturity bands ETFs on Borsa Italia, institutional and private investors can diversify their bond portfolios through a single trade and in a cost-efficient manner,” said Isabelle Bourcier, global ETF coordinator with Lyxor AM.
Features of the EuroMTS Master Unit exchange traded funds
| EuroMTS
3-5 year Master Unit |
EuroMTS
10-15 year Master Unit |
| Benchmark
index : EuroMTS 3-5 year |
Benchmark
index: EuroMTS 10-15 year |
| Index
Duration = 3.62 as of July 5 2004 |
Index
Duration = 9.71 as of July 5 2004 |
| Mnemonic
code : MT35 |
Mnemonic
code : MT1015 |
| ISIN
code : FR0010037324 |
ISIN
code: FR0010037242 |
| Legal form: | Units of the Multi Units France Sicav fund, governed by French law |
| AMF Classification: | SICAV Coordonnées (coordinated Sicav) |
| Date of listing on Borsa Italiana: | 7 July 2004 |
| Market: | Borsa Italiana, MTF segment (Mercato Telematico Fondi), Euronext Paris |
| Currency: | Euro |
| NAV at inception: | 100
euros
(on 28 January 2004, date of listing on Euronext Paris) |
| Minimum investment: | 1 quota |
| Recommended investment period: | > 1 year |
| Front/back end load: | 0% |
| Performance fees: | 0% |
| Management fees: | Dividends: No dividends are paid on the ETF. The EuroMTS indices are total return indices and any coupon paid on a bond in the indices is reinvested, leading to capital growth. |
| Liquidity is provided by: | SG Corporate & Investment Banking |
| Banca IMI |
Exchange Traded Funds are benchmark funds quoted and traded on the MTF segment of Borsa Italiana. These products offer the performance of an index and combine the advantages of shares (simplicity and continuous quotation) typical of traditional funds with the benefits of an index (access to a wide range of instruments with sector and geographical diversification). The MTF segment of Borsa Italiana allows investors to choose from a range of 19 equity, corporate and government ETFs.
