iShares offers exposure to broadly hedged US dollar bonds with currency hedging and to US mortgage-backed bonds.
27 February 2024. FRANKFURT (Börse Frankfurt). Two new exchange traded funds from iShares have been tradable on Xetra and via the trading venue Börse Frankfurt since Friday.
The iShares US Mortgage Backed Securities UCITS ETF EUR Hedged offers investors access to the broadly diversified market for US mortgage-backed securities issued and guaranteed by government-sponsored companies such as Ginnie Mae, Fannie Mae, and Freddie Mac. The fixed-rate US securities with a pass-through structure have an investment grade rating and are collateralised by pools of mortgages from US homeowners. Through the pass-through structure, security holders directly receive the principal plus interest from the pools of homeowner mortgages. All securities must have a weighted average remaining maturity of at least one year.
The iShares US Aggregate Bond UCITS ETF EUR Hedged provides access to the global market for investment grade US dollar denominated bonds. The fixed-interest bonds are government bonds, government-related bonds, corporate bonds, and mortgage-backed bonds. The minimum residual term is one year.
Both instruments use futures contracts to hedge currency fluctuations against the US dollar.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
iShares US Mortgage Backed Securities UCITS ETF EUR Hedged (dist) | Fixed Income ETF | IE000EEJLWG1 | 0.30 per cent | distributing | Bloomberg US Mortgage Backed Securities Index |
iShares US Aggregate Bond UCITS ETF EUR Hedged (dist) | Fixed Income ETF | IE00093SKUY4 | 0.30 per cent | distributing | Bloomberg US Aggregate Bond Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,143 ETFs. With this selection and an average monthly trading volume of more than €14 billion, Xetra is the leading trading venue for ETFs in Europe.
27 February 2024, © Deutsche Börse AG