Two new exchange-traded funds issued by J.P. Morgan Asset Management have been tradable on Xetra and via Börse Frankfurt since Tuesday.
The JPM RMB Ultra-Short Income UCITS ETF invests in CNY and CNH denominated debt instruments with low volatility and short maturity. The Chinese bonds are short-term fixed and floating rate corporate and government bonds with an investment grade rating. As a rule, the actively managed ETF invests up to 20 per cent in debt instruments issued by companies from the banking sector.
Investors can choose between a distributing and an accumulating share class.
|Name||Asset class||ISIN||Ongoing charges||Distribution policy||Reference index|
|JPM RMB Ultra-Short Income UCITS ETF||Bond ETF||IE00BMDV7461||0.28 per cent||distributing||ICE 3-Month China Government Index|
|JPM RMB Ultra-Short Income UCITS ETF||Bond ETF||IE000RE0WX27||0.28 per cent||accumulating||ICE 3-Month China Government Index|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,805 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.
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