New WisdomTree ETF on Xetra: EU Covid-19 bonds
New WisdomTree ETF on Xetra: EU Covid-19 bonds
A new exchange-traded fund issued by WisdomTree has been tradable on Xetra and Börse Frankfurt since Thursday.
The WisdomTree European Union Bond UCITS ETF - EURAcc enables investors for the first time to participate in euro-denominated, investment-grade fixed-income bonds of the European Union issued to combat the consequences of the Covid-19 pandemic.
In this way, investors get access to bonds of the development programme "Next Generation EU" and "SURE" aid programme. Under the "SURE" short-time work programme, the EU has issued social bonds to help member states to safeguard jobs. A good third of the "Next Generation EU" programme is earmarked for sustainable climate projects. Only debt instruments with a remaining term of at least one year and a minimum outstanding volume of one billion euros are included.
Bonds of the European Financial Stabilisation Mechanism (EFSM), the European Stability Mechanism (ESM) and the European Investment Bank (EIB) are not included.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
WisdomTree European Union Bond UCITS ETF - EUR Acc | Bond ETF | 0.16 per cent | Accumulating | iBoxx EUR European Union Bond Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,633 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.