Deutsche Börse: First Source Hedge Fund ETF Launched On Xetra

A new exchange-traded index fund issued by Source has been tradable in Deutsche Börse’s XTF segment since Friday.

ETF name: BofAML Hedge Fund Factor Euro Source ETF
Asset class: equity index ETF
ISIN: IE00B3NY0D27
Management fee: 0.70 percent
Distribution policy: non-distributing
Benchmark: ML Factor Model (EUR Adjusted) Index

The BofAML Hedge Fund Factor Euro Source ETF tracks the performance of the Merrill Lynch Factor Model Index with currency hedging. The index measures the performance of a hypothetical investment portfolio that comprises renowned and liquid equities from the following indices: S&P 500, Russell 2000, MSCI EAFE and MSCI Emerging Markets. The investment portfolio can enter both long and short positions and is adjusted every month. The composition of the portfolio is based on the algorithms of Merrill Lynch International with the objective of tracking the Hedge Fund Research Inc. Weighted Composite Index.

The product offering in Deutsche Börse’s XTF segment currently contains a total of 703 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €14 billion, makes Xetra Europe’s leading trading venue for ETFs.