A new bond index fund from the ETF offering issued by SPDR (State Street Global Advisors) has been tradable in the XTF segment on Xetra since Wednesday.
ETF name: SPDR Thomson Reuters Global Convertible Bond UCITS ETF
Asset class: convertible bonds
ISIN: IE00BNH72088
Total expense ratio: 0.50 percent
Distribution policy: distributing
Benchmark: Thomson Reuters Qualified Global Convertible Index
The SPDR Thomson Reuters Global Convertible Bond UCITS ETF offers investors the opportunity to participate for the first time in the performance of the global market for convertible bonds. The index includes convertible bonds both with and without an investment grade rating and with fixed or floating interest rates. The weighting is limited to 4 percent per issuer.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,043 exchange traded funds. This selection, together with an average monthly trading volume of around €10 billion, makes Xetra Europe’s leading trading venue for ETFs.
