Deutsche Börse welcomes Eldridge as a new ETF issuer on Xetra
Deutsche Börse welcomes Eldridge as a new ETF issuer on Xetra
Since Wednesday, the first actively managed exchange-traded fund from Eldridge Investment Funds is tradable on Xetra and Börse Frankfurt.
The Eldridge AAA CLO UCITS ETF is an actively managed fund that aims to generate regular income. Its secondary objective is capital preservation by investing in a diversified portfolio of investment grade Collateralised Loan Obligations ("CLOs") that are rated AAA at the time of purchase.
The investment management aims to invest at least 80 per cent of the net assets in CLO tranches with an AAA rating. The weighting of CLOs from a single manager is limited to 10 per cent. Investments are made exclusively in CLOs with an initial issue volume of at least US$250 million. The sub-fund invests primarily in USD-denominated CLOs, regardless of maturity or duration.
Dividends are distributed monthly.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
Eldridge AAA CLO UCITS ETF | Active Fixed Income ETF | 0.35 per cent | distributing |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,368 ETFs. With this selection and an average monthly trading volume of around €18 billion, Xetra is the leading trading venue for ETFs in Europe.