New bond ETFs from L&G on Xetra: access to corporate bonds with short duration
Since Thursday, two new exchange-traded funds from Legal & General Investment Management have been tradable via Xetra and Börse Frankfurt.
The L&G Corporate Bond ex-Banks Higher Ratings 0-2Y UCITS ETF tracks the performance of the J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped Index and provides an accumulating and currency-hedged share class.
Both ETFs offer access to a portfolio of short-duration corporate bonds denominated in euros or US dollars, excluding banks as issuers. The bonds have an investment grade rating and an outstanding volume of at least €300 million.
Environmental, social and governance guidelines are taken into account when selecting issuers. Companies with controversial business areas such as tobacco, weapons or thermal coal are excluded.
Name |
Asset class |
ISIN |
Ongoing charges |
Distribution policy |
Reference index |
L&G Corporate Bond ex-Banks Higher Ratings 0-2Y UCITS ETF USD Accumulating |
Fixed Income ETF |
IE000CWS09Q9 |
0.12 per cent |
accumulating |
J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped Index |
L&G Corporate Bond ex-Banks Higher Ratings 0-2Y UCITS ETF EUR Hedged Accumulating |
Fixed Income ETF |
IE000YMQ2SC9 |
0.15 per cent |
accumulating |
J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,255 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.