Two new index funds issued by Ossiam Lux have been tradable on Xetra® since Monday.
The two Ossiam Emerging Markets Minimum Variance Index NR ETFs track the performance of the most liquid companies in the S&P/IFCI Index, which comprises the leading companies from emerging market countries. One is denominated in the trading and fund currency euro, the other in US dollar.
ETF name: Ossiam ETF Emerging Markets Minimum Variance NR (EUR share class)
Asset class: equity index ETF
ISIN: LU0705291903
Total expense ratio: 0.75 percent
Distribution policy: non-distributing
Benchmark: Ossiam Emerging Markets Minimum Variance Index Net Return USD
Trading currency: euro
ETF name: Ossiam ETF Emerging Markets Minimum Variance NR (USD share class)
Asset class: equity index ETF
ISIN: LU0705291812
Total expense ratio: 0.75 percent
Distribution policy: non-distributing
Benchmark: Ossiam Emerging Markets Minimum Variance Index Net Return USD
Trading currency: US dollar
The two ETFs on the indices of the Ossiam Minimum Variance series enable the investor to participate in the performance of strongly diversified portfolios which are composed in a dynamic process. The weighting of the selected shares is set in accordance with an optimisation process, which creates high risk diversification and accordingly low variance.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 941 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €16 billion, makes Xetra Europe’s leading trading venue for ETFs.
