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Deutsche Börse welcomes Tabula as new ETF issuer

Release date: 23 Aug 2019 | Deutsche Börse Cash Market

Deutsche Börse welcomes Tabula as new ETF issuer

Product tracks the volatility of credit default swap index options

Since Friday, an ETF of the issuer Tabula ICAV has been tradable on Xetra and the Frankfurt Stock Exchange for the first time. This means that ETFs from a total of 26 different issuers are now listed in Frankfurt. 

“We are pleased to have gained Tabula ICAV as another new ETF issuer for Xetra trading. The first ETF from the Tabula product series expands our range of bond ETFs with additional access to the credit default swap market,” says Martin Reck, Managing Director Cash Market at Deutsche Börse. 

The Tabula J.P. Morgan Global Credit Volatility Premium Index UCITS ETF tracks the difference between realised and implied volatility in the markets for credit default swap (CDS) index options. The index reflects the performance of put options on European and North American High Yield CDS indices and hedges the risk of credit spreads daily through delta hedging.

The underlying High Yield CDS indices include the iTraxx Crossover 5y Index, consisting of 75 European companies, and the CDX HY 5y Index, consisting of 100 North American companies. Both indices are equally weighted and rebalanced monthly.

      
NameAsset classISINOngoing chargesDistribution policyReference index
Tabula J.P. Morgan Global Credit Volatility Premium Index UCITS ETF (EUR)Bond ETFDE000A2PPQM10.5 per cent  DistributingJ.P. Morgan Global Credit Volatility Premium Index

The product range in Deutsche Börse's XTF segment currently comprises a total of 1,479 ETFs. With this selection and an average monthly trading volume of around EUR 11 billion, Xetra is the leading trading platform for ETFs in Europe.