New bond ETF from iShares on Xetra: access to the bond market for Indian government bonds
New bond ETF from iShares on Xetra: access to the bond market for Indian government bonds
A new exchange-traded fund from iShares has been tradable on Xetra and Börse Frankfurt since today.
The iShares India INR Govt Bond UCITS ETF tracks the performance of the Bloomberg Indian Government FAR Bond Index. It gives investors access to Indian government bonds denominated in Indian rupees (INR) and issued under the Fully Accessible Route (FAR) programme. The fixed-rate bonds must have a remaining maturity of more than one year and an issue volume of at least INR 10 billion.
The FAR allows non-residents to invest in certain government securities issued by the Government of India without any investment limits.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
iShares India INR Govt Bond UCITS ETF USD (Dist) | Fixed Income ETF | 0.35 per cent | distributing | Bloomberg Indian Government FAR Bond Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,225 ETFs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs in Europe.