Deutsche Börse Launches New EUROGOV Indices and ETFs

Deutsche Börse launched a new index family for the government bond market with six EUROGOV® indices on Monday. The EUROGOV indices track the current German market for fixed-income government bonds denominated in euros. The ETF issuer ETFlab Investment GmbH, a subsidiary of DekaBank Deutsche Girozentrale, has also launched six bond index funds on the new EUROGOV indices, which are traded in the Deutsche Börse XTF segment.

The six indices measure investment success in the market segment of highly liquid government bonds, each of them covering a different maturity. For five indices only bonds with a minimum residual maturity of one year are considered. The EUROGOV Germany Money Market index contains fixed-rate bonds with a residual maturity of minimum two months and maximum one year. To be included in the indices, bonds must have an outstanding minimum volume of €4 billion. The indices exclude zero-coupon bonds.

The six new ETFs chart the performance of the EUROGOV Germany index family with various maturities. The following maturity classes are calculated and disseminated for all indices: 2 months to 1year, 1-3 years, 3-5 years, 1-10 years, 5-10 years and more than 10 years. The ETFs enable investors to participate in the performance of highly liquid government bonds for the German market, according to different residual maturities.

The composition of the EUROGOV indices is reviewed and adjusted quarterly, while the EUROGOV Germany Money Market index is adjusted monthly. The weighting of the bonds in the index is based on their market capitalization. Changes to the outstanding nominal volume are made in the index when the composition is updated on the respective dates. A bond’s index weighting is limited to 30 percent on the specific dates. The management fee for these ETFs is 0.15 percent.

Further information:

About the XTF-Segment:

The product offering on Xetra® in the XTF segment currently comprises a total of 426 exchange-traded index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of over €10 billion, makes Deutsche Börse’s XTF segment Europe’s leading trading venue for ETFs.

About Market Data & Analytics:

Market Data & Analytics calculates and publishes more than 2,600 indices in total. Deutsche Börse thus ranks among the world’s major index providers. With a volume of €12.8 billion Assets under Management (AUM), Deutsche Börse is one of the leading international index providers for ETFs. Market Data & Analytics also compiles, distributes, and markets independent capital market information, such as price data, trading statistics, and back office information for banks and financial institutions. With its innovative range of products, Market Data & Analytics stands for maximum transparency, reliability, precision and integrity.

Xetra® and EUROGOV® are registered trademarks of Deutsche Börse AG.

ETFlab Deutsche Börse EUROGOV® Germany ETFs with a management fee of 0.15 percent