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After seven new listings since the start of the year, a new ETF has been added to the credit derivative products in the EasyETF range.
After launching EasyETF iTraxx® Europe HiVol and EasyETF iTraxx® Crossover
last year, EasyETF has added to its credit toolbox with a third tracker on the
European credit derivative market, named the EasyETF iTraxx® Europe Main.
Its target is to follow the performance of the iTraxx® Europe Main TR index as
closely as possible, whether it moves upwards or downwards.
The iTraxx Europe index consists of 125 credit derivates evenly weighted in
"investment grade" (high quality issuers) European companies with a
rating higher than BBB- (Standard & Poor’s) or Baa3 (Moody’s).
These indices are the most liquid and the most representative of the market.
The diversification rules for this index mean that companies in the main sectors
of activity can be included.
These indices have increased the transparency and the liquidity of the credit
derivative markets, where the iTraxx indices are the European benchmark.
EasyETF iTraxx® Europe Main offers simple, transparent and less costly access to the European credit derivative market. It allows investors to gain exposure or hedge their credit portfolios, to introduce trading strategies or benefit from the outlook on the credit derivative market, while simplifying the regulatory and operational aspects involved in investing in these indices.
The market maker for EasyETF iTraxx® Europe Main is BNP Paribas.
Technical details regarding the funds:
EasyETF iTraxx® Europe Main
Legal structure: Mutual fund under Luxembourg law (UCITS III)
ISIN code: LU0326470738
Management company: BNP Paribas Asset Management
Currency: EUR
Dividend: none, accumulation
Annual management fees: 0.15%
Stock market: Euronext Paris
Bloomberg code: EITEUR FP Equity
