DGAP-News: ETFlab Investment GmbH: Corporate Bonds broadly diversified
(firmenpresse) - ETFlab Investment GmbH / Product Launch
03.03.2010 10:00
Dissemination of a Financial News, transmitted by
DGAP - a company of EquityStory AG.
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ETFlab offers ETF with European corporate bonds
ETFlab iBoxx EUR Liquid Corporates Diversified
(ISIN: DE 000 ETF L37 5)
Munich, March 3, 2010. With the ETFlab iBoxx EUR Liquid Corporates
Diversified ETFlab Investment GmbH, the Munich specialist for exchange
traded funds, provides access to a broadly diversified basket of Euro
corporate bonds. 'They allow investors to enjoy much higher returns than
federal bonds', Andreas Fehrenbach, the managing director of ETFlab points
out. However, especially with corporate bonds it was absolutely advisable
to diversify an investment over various industries and countries. 'An ETF
is ideally suited for this, as the investor, with one trade, buys a whole
investment portfolio', the ETF expert explains.
The underlying index contains 75 bonds of issuers having their principal
seat in Euroland, Switzerland, Great Britain, Sweden, Norway, and Denmark.
Only primary bonds with a fixed coupon are qualified. In order to
additionally limit risks further measures have been taken. Only two bonds
are allowed per issuer, the weighting per issuer has been limited to 7.5
per cent. Higher requirements apply to issuers from the finance sector.
They must have a rating of at least A-, whereas for other issuers a rating
of BBB- may be sufficient to be taken into consideration. 'By thus, we
fulfil the need for increased safety as a result of the financial crises'
ETFlab's managing director Fehrenbach points out. In general, the issuing
of the bonds within the index must not date back more than three years. A
residual maturity of 1.5 to 10.5 years is observed.
The ETF tracks the index in a fully replicating manner, i.e. the original
securities are contained in the fund assets, which are in compliance with
the UCITS III guidelines. Currently, almost 89 per cent of the instruments
contained have a rating of A or better. Among the countries, the
Netherlands (29 %), France (16 %) and Great Britain (13 %) are weighted
most heavily. According to the current classification by industries, it is
above all banks (49 %), utilities (16 %), automobiles and telecommunication
(8 % each) which are included. The average residual maturity is 4.6 years,
with a return of 3.4 per cent. With its total expense ratio (TER) of 0.20
per cent the new fund counts among the most moderately priced among the
corporate-bond funds worldwide. Trading in the XTF segment of Deutsche
Börse will be started on March 3.
On ETFlab Investment GmbH:
ETFlab Investment GmbH was founded in February 2008, and currently manages
a volume of approx. 4.5 billion euros in 33 Exchange Traded Funds. Since
the end of March 2008, exchange traded index funds of ETFlab have been
listed at DeutscheBörse. According to the motto 'ETFs Made in Germany',
the company has orientated itself towards the needs of professional
investors, as regards to the management of investment products and their
construction. 'We are a German capital investment company developing
solutions at the request of our customers.
ETFlab iBoxx EUR Liquid Corporates Diversified
Investment target:
The primary target of the ETFlab iBoxx EUR Liquid Corporates Diversified is
to track the iBoxx EUR Liquid Corporates Diversified Index (price index) as
exactly as possible. The ETFlab iBoxx EUR Liquid Corporates Diversified
provides the share owner with an easy and efficient access to the segment
of EURO corporate bonds from issuers with their principal seat in Euroland,
Great Britain, Switzerland, Denmark,Sweden, and Norway
Investment policy:
Index replication with the original securities (full replication)
Launch date/Listing: 17/02/2010 / 03/03/2010
WKN: ETF L37
ISIN: DE 000 ETF L37 5
Replication: approx. 1/1 of the index level
Trading currency: EUR
Costs: All-In Fee 0.20 % p.a.
Fiscal year: 01/03 - 28-29/02.
Use of profits: Distribution
Designated Sponsor: DekaBank, Deutsche Girozentrale
Contact:
Thomas Pohlmann
Head of Marketing&Product Management
ETFlab Investment GmbH
Wilhelm-Wagenfeld-Straße 20
D - 80807 München
Tel +49 (0)89 327 29 - 33 33
Fax +49 (0)89 327 29 - 33 13
Mail presse(at)etflab.de
03.03.2010 10:00 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: ETFlab Investment GmbH
Wilhelm-Wagenfeld-Straße 20
80807 München
Deutschland
Internet: www.etflab.de
End of News DGAP News-Service
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Datum: 03.03.2010 - 10:00 Uhr
Sprache: Deutsch
News-ID 17140
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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