New on Xetra: Leonteq equity ETN offers access to the Swiss stock market
New on Xetra: Leonteq equity ETN offers access to the Swiss stock market
Since Monday, a new Exchange Traded Note (ETN) issued by Leonteq has been tradable via Xetra and Börse Frankfurt. Exchange-traded notes are debt securities that track the performance of a reference index and are fully collateralised.
The Leonteq FuW Swiss 50 Index ETP tracks the performance of the FuW Swiss 50 Index. The FuW Swiss 50 Index consists of the 50 largest tradable Swiss companies. The 25 largest companies are weighted at 2.7 per cent each and the remaining 25 at 1.3 per cent each. This is intended to avoid the cluster risk of the three largest companies, Nestlé, Novartis and Roche. The net dividends are automatically reinvested in the index.
Name | Asset class | ISIN | Ongoing charges | Reference index |
Leonteq FuW Swiss 50 Index ETP | Equity ETN | 0.72 per cent | FuW Swiss 50 Index |
The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,318 ETFs, 197 ETCs und 248 ETNs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.