Deutsche Börse also assigns a special value to transparency with the new products: Monthly reports have to be published for actively managed funds. In addition, the exchange assigns a reference index to the products as a comparative value that allows the investor to assess the respective fund performance. The trend in individual funds can be compared because there is no loading charge for fund shares traded on the exchange.
Deutsche Börse is making further information available for these products as well, such as turnover statistics, product descriptions and the current value (net asset value) of the funds. All data can be accessed via the exchange’s homepage at www.exchange.de.
The exchange anticipates great interest in exchange-traded funds on the part of issuers, intermediaries and investors: Fund shares can be bought easily and quickly, but cover an entire portfolio of securities, which also makes them extremely attractive for private investors. The volume traded in the existing products on a daily basis has nearly tripled, from 6.8 million euros to 18.5 million euros, since the market was launched, and hit a new record high in October: Trading volume in the so-called index shares achieved 408 million euros, about 135 percent over the previous month’s volume.
