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Five Exchange Traded Funds from the new provider ETFlab Investment GmbH have been tradable on Xetra since Monday. The DEKA subsidiary is the ninth ETF provider in the XTF segment of the Frankfurt Stock Exchange, boosting its position as Europe’s leading trading venue for exchange-traded index funds.
“With today’s listing, we are pleased to welcome a new issuer, ETFlab, which has opted for a listing on Europe’s top ETF platform in terms of turnover and liquidity,” said Rainer Riess, Managing Director of Deutsche Börse’s Cash Market Development department.
Three of the five new ETFs relate to DJ STOXX Style Indices. These indices are based on the renowned DJ STOXX Blue Chip Indices, yet differ in their selection criteria, which favor either growth or value stocks. The composition of the index is based on six key fundamentals, including price/earnings ratio, dividend yield, and earnings growth. The Style ETFs include: ETFlab DJ STOXX Strong Value 20 (ISIN DE000ETFL045), ETFlab DJ STOXX Strong Growth 20 (ISIN DE000ETFL037) and ETFlab DJ STOXX Strong Style Composite 40 (ISIN DE000ETFL052), which is composed of stocks from the first two ETFs. The other two new funds are ETFlab DAX (ISIN DE000ETFL011) and ETFlab DJ EURO STOXX 50 (ISIN DE000ETFL029).
The management fee is 0.65% for DJ STOXX Style Indices and 0.15% for ETFlab DAX and ETFlab DJ EURO STOXX 50.
The ETF offering on Xetra currently comprises a total of 315 exchange-traded index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of over €9 billion, makes Deutsche Börse’s XTF segment Europe’s leading trading venue for ETFs. The following ETF families are currently tradable in the XTF segment: db x-trackers, EasyETF, ETFlab, iShares, Lyxor, Market Access, PowerShares, UBS Exchange Traded Funds and Xmtch.
