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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