Deutsche Börse: New ETFlab equity index ETF launched on Xetra

Deutsche Börse: New ETFlab equity index ETF launched on Xetra

14/12/09

Another new ETF issued by ETFlab Investment GmbH, a subsidiary of DekaBank Deutsche Girozentrale, has been tradable on Xetra since Monday.

ETF name: ETFlab DJ EURO STOXX 50 Short
Asset class: Equity index ETF
ISIN: DE000ETFL334
Management fee: 0.4 percent
Distribution policy: non-distributing
Benchmark: DJ EURO STOXX 50 Short

The new ETFlab DJ EURO STOXX 50 Short allows investors to participate in the performance of the DJ EURO STOXX 50 Short index. This index reflects the inverse performance of the 50 largest companies in the euro area.

The product offering in Xetra’s XTF segment currently comprises 544 exchange-traded index funds, making it the largest offering of all European stock exchanges. With this offering and an average monthly trading volume of around €11 billion, Deutsche Börse’s XTF segment is the leading trading venue for ETFs in Europe.