Tabula cross-lists more ETFs on Xetra

Dec 18th, 2019 | By | Category: Fixed Income

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Fixed income specialist Tabula Investment Management has strengthened its product offering in Germany with the cross-listing of a further three ETFs on Deutsche Börse’s Xetra platform.

Gereon Tewes, responsible for German-speaking client coverage for Tabula.

Gereon Tewes, responsible for German-speaking client coverage for Tabula.

The funds crossing on to the exchange include the Tabula European Performance Credit UCITS ETF (TABD GY), the Tabula European iTraxx Crossover Credit UCITS ETF (TABH GY), and the Tabula European iTraxx Crossover Credit Short UCITS ETF (TAB1 GY).

They join the previously listed Tabula JP Morgan Global Credit Volatility Premium Index UCITS ETF (TABV GY), taking Tabula’s product offering on Xetra to four.

Gereon Tewes, who is responsible for German-speaking client coverage at Tabula, commented, “I am extremely pleased to see the extension of our offering in a key and significant market.

“The opportunity this offers to German investors will undoubtedly spur the demand for credit exposures in fixed income and further allow us to develop our lines of business.”

All four ETFs trade in euros with BNP Paribas acting as lead market maker.

They are also available to trade on the London Stock Exchange and BX Swiss.

The ETFs

TABD provides long exposure to European credit through direct access to the corporate credit default swap (CDS) market. It tracks the iTraxx European Performance Credit Index which represents selling protection on both investment-grade and high-yield issues. The fund’s ongoing charge is 0.50%.

TABH targets long exposure to European high yield credit via selling protection on the iTraxx Crossover 5y Index. Its ongoing charge is 0.40%.

TAB1 offers short exposure to European high yield credit via buying protection on the iTraxx Crossover 5y Index. Its ongoing charge is 0.50%.

TABV provides a passive vehicle for capturing the difference between realized and implied volatility in CDS index options markets. The fund tracks the JP Morgan Global Credit Volatility Premium Index, and its ongoing charge is 0.50%.

According to Tabula, the firm is continuing to develop innovative fixed income products; its pipeline includes inflation, corporate bonds, liquidity solutions, blended portfolios, ESG and Solvency II-efficient funds.

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