New on Xetra: Active ETF from iShares aims for returns in line with the ECB's reference interest rate (€STR)

Since Wednesday, a new Active Exchange Traded Fund issued by iShares has been tradable on Xetra and Börse Frankfurt.

The iShares EUR Cash UCITS ETF is actively managed and aims to generate a return in line with the reference rate for the Euro Short-Term Rate (€STR). The €STR reflects the cost of unsecured overnight deposits held by banks in the euro area and is calculated and published by the ECB.  

To this end, the fund invests primarily in euro-denominated fixed income securities and money market instruments with a high credit rating and a maximum residual maturity of 397 days or less.

It is an accumulating share class, i.e. income is reinvested. The running costs are 0.10 per cent. 

Name

Asset class

ISIN

Ongoing charges

Distribution policy

iShares EUR Cash UCITS ETF (Acc)

Active Money Market ETF

IE000JJPY166

0.10 per cent

accumulating

 

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,301 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.