Exchange-traded fund (ETF) providers are constantly creating and listing new ETFs to serve their growing client base. The following ETFs were launched last week on various exchanges in the UK and Europe.
Source and JP Morgan Team Up to List Volatility ETF
Source has listed a new ETF on the London Stock Exchange tracking an index designed by JP Morgan that aims to provide exposure to US equity volatility, switching from long to long/short exposure depending on market conditions, and adds up to 25% exposure to European equity volatility during market stress. Below are the details for the new offering from Source...
db X-trackers Lists 3 New ETFs on the Borsa Italiana
In mid-April, db X-trackers listed three new ETFs on the Borsa Italiana tracking German and eurozone sovereign debt. Specifically, db x-trackers is offering exposure to long-term German Bunds as well as leveraged and inverse exposure to eurozone sovereign debt.
As always, it is vital to understand that because the leverage ratio on these leveraged and inverse products is reset on a daily basis, their performance will likely diverge from their stated leverage ratio (2X, -2X, etc.) over holding periods lasting longer than a single trading day. This divergence will be especially pronounced during periods of market volatility. Below are the details for the suite of new ETFs from db X-trackers..
Lyxor Expands ETF Range on the Deutsche Börse
This week, Lyxor listed nine new ETFs on the Deutsche Börse tracking US sector equities. The new Lyxor ETFs track nine US large-cap equity sectors as defined by the S&P 500. Below are the details for the new ETFs from Lyxor...
Ossiam Lists Minimum Variance Emerging Markets ETF in Switzerland
This week, Ossiam listed two ETFs tracking Ossiam's own emerging markets index that employs a minimum variance strategy. The ETFs use Ossiam's in-house minimum variance methodology to enable investors to achieve emerging markets exposure with lower levels of volatility. Ossiam uses both a liquidity filter and an optimisation process to achieve this portfolio objective. In Switzerland, Ossiam launched a EUR-denominated and USD-denominated version of the ETF. Below are the details for the new listings from Ossiam...