"Deutsche Börse's XTF segment has established its position as a permanent feature of the German capital market two years since the segment was launched; at the same time, it is also the most important market for exchange-traded index funds in Europe," said Volker Potthoff, the Deutsche Börse Executive Board member responsible for the cash market. Turnover in the XTF segment on the Frankfurt Stock Exchange is second only to turnover in the DAX, the German blue chip index.
The index fund on the DAX (DAX EX) was again the highest-volume index fund in the XTF segment in March, with an increase of about 26 percent in turnover to a total of some 2 billion euros. Ranking second in volume is the index fund on the Euro STOXX 50 (Dow Jones Euro STOXX 50 EX). This fund set a new record with turnover of 1.76 billion euros, almost 200 percent higher than the previous month's figure (February: 603 million euros). These two funds make up 46 percent of the European market in exchange-traded funds. Trading in the actively managed funds was also favorable, rising 24 percent from 56 million euros to 70 million euros.
Two years since being launched, the XTF segment has become a permanent feature on the German capital market. On April 11, 2000, Deutsche Börse became the first European exchange to introduce its own segment for trading in exchange-traded index funds. The segment started out with two index funds on the STOXX 50 and Euro STOXX 50; in the meantime, there are 43 index funds and 13 actively managed funds in the XTF segment. In spite of the current overall market conditions, the index funds listed in XTF have generated some 4 billion euros in assets under management.
