BNP Paribas launches low vol Germany and Japan ex weapons ETFs on Xetra

May 30th, 2017 | By | Category: Equities

BNP Paribas has launched two new equity ETFs on Deutsche Börse’s Xetra platform that track German and Japanese stocks. The former is a low volatility factor play, while the latter is a market cap-weighted fund which excludes firms that make controversial weapons.

BNP Paribas launches Japan and Germany equity ETFs on Xetra

Following a string of recent launches, BNP Paribas now has 39 ETFs listed on Xetra.

The BNP Paribas Easy Equity Low Vol Germany UCITS ETF (Xetra: LOVG) aims to capture the low volatility premium by tracking the BNP Paribas Easy Equity Low Vol Germany EUR Index. This proprietary index gives exposure to German equities with low levels of historical volatility. The fund has an ongoing charge of 0.30%.

The BNP Paribas Easy MSCI Japan ex Controversial Weapons UCITS ETF H EUR Capitalisation (Xetra: EJAP) tracks the performance of the MSCI Japan ex Controversial Weapons TR Index, which includes companies in the large and mid-cap sections of the Japanese market that are not involved in the production of controversial weapons such as cluster bombs, landmines, chemical and biological weapons and depleted uranium weapons.

The index has 318 constituents, the largest of which are Toyota (4.6%), Mitsubishi Finance Group (2.6%) and Softbank (2.0%). The largest sectors represented are industrials (20%), consumer discretionary (20%) and financials (14%).

In the year to 28 April, the index returned 11%. The ETF has an ongoing charge of 0.25%.

BNP Paribas now has 39 ETFs listed on Xetra, the largest of which is BNP Paribas Easy Stoxx Europe 600 UCITS ETF (Xetra: ETSZ) which has €1bn in assets under management as of 31 May 2017.

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