A new exchange-listed bond index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra® since Thursday.
ETF name: SPDR Citi Asia Local Government Bond ETF Asset class: bond index ETF
Total expense ratio: 0.50 percent
Distribution policy: distributing
Benchmark: Citi Asian Government Bond Investable Index
The SPDR Citi Asia Local Government Bond ETF enables investors to participate for the first time in the performance of a broadly diversified basket of Asian government bonds. The index currently contains government bonds from China (offshore), Hong Kong, Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand. The maximum weighting of a single country is limited to 20%.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 970 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 €12 billion, makes Xetra Europe’s leading trading venue for ETFs.