New on Xetra: Leonteq expands its range of ETNs to include overnight interest rates in Switzerland and the United States
New on Xetra: Leonteq expands its range of ETNs to include overnight interest rates in Switzerland and the United States
Since Friday, four new exchange-traded notes (ETNs) from Leonteq have been tradable via Xetra and Börse Frankfurt.
Leonteq's four new ETNs give investors access to overnight lending rates for overnight loans in Switzerland and the United States.
The Leonteq CHF Overnight Return Index ETP represents the performance of the reference interest rate for overnight loan transactions in Switzerland, the Swiss Average Rate Overnight Interest Rate (SARON).
The Leonteq USD Overnight Return Index ETP tracks the performance of the United States Secured Overnight Financing Rate (US-SOFR).
Both ETNs are also available in a currency-hedged version against the euro.
The Leonteq Overnight Return Index ETPs increase by 1/360 of the reference interest rate minus the management fee per calendar day. The products are fully collateralised through a fiduciary structure.
Name | Asset class | ISIN | Management fee | Reference index |
Leonteq CHF Overnight Return Index ETP | Money Market ETN | 0.10 per cent | Leonteq CHF Overnight Return Index | |
Leonteq CHF Overnight Return Index (EUR) ETP | Money Market ETN | 0.10 per cent | Leonteq CHF Overnight Return Index | |
Leonteq USD Overnight Return Index ETP | Money Market ETN | 0.10 per cent | Leonteq USD Overnight Return Index | |
Leonteq USD Overnight Return Index (EUR) ETP | Money Market ETN | 0.10 per cent | Leonteq USD Overnight Return Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,293 ETFs, 197 ETCs und 258 ETNs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.