BNP Paribas cross-lists Eurozone REIT ETF onto Deutsche Börse

Feb 7th, 2018 | By | Category: Alternatives / Multi-Asset

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BNP Paribas has cross-listed the BNP Paribas Easy FTSE EPRA/NAREIT Eurozone Capped ETF (EEEG GR) on Deutsche Börse’s Xetra and Börse Frankfurt markets.

The BNP Paribas Easy FTSE EPRA/NAREIT Eurozone Capped ETF has been cross-listed onto Deutsche Börse.

The BNP Paribas Easy FTSE EPRA/NAREIT Eurozone Capped ETF has been cross-listed onto Deutsche Börse.

The ETF tracks the FTSE EPRA/NAREIT Eurozone Capped Net TR Index, which is a subset of the FTSE EPRA/NAREIT Global Index.

It is designed to track the performance of listed real estate companies and REITs in the Eurozone.

This ETF uses the capped version of the index, which means that any single constituent is capped at 10%, and the total index weight of constituents whose individual weights exceed 5% is capped at 40%. This capping is applied at quarterly review.

The ETF was launched in 2004 on Euronext Paris and now has assets under management of €637m.

It currently has 48 individual constituents with top exposures to Germany and France (which together make up almost 65% of the total index weight). Major holdings include Unibail – Rodamco, Vonovia, Deutsche Wohnen, Klepierre and Gecina. The average market capitalisation of constituents is €1.9bn, but varies from €8.5bn to as small as €60m.

The ETF has performed in line with the index, returning almost 80% over the past five years, and 17.6% during 2017. It trades on Euronext Paris under the ticker EEA FP.

The ETF has ongoing charges of 0.4%, with an accumulating distribution policy. The index yield was 3.6%, as at 31 January 2018.

Deutsche Börse’s XTF segment comprises 1,226 ETFs and has an average monthly trading volume of around €11bn.

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