New ETF: US equity with Shiller quality approach

Ossiam offers access to large US companies using Shiller's CAPE ratio.
 

2 September 2024, FRANKFURT (Börse Frankfurt). As of Monday, a new Active Exchange Traded Fund from Ossiam is tradable via Xetra and Börse Frankfurt.

The Ossiam Shiller Barclays CAPE US Sector Screened UCITS ETF pursues an active investment strategy and invests primarily in large-capitalization equity companies listed or traded on recognized markets in the USA. These must belong to one of the ten classic sectors such as energy, finance, industry, consumer goods or utilities. Environmental, social and governance (ESG) criteria are taken into account when selecting companies.

The investment strategy is based on the relative CAPE ratio and uses this indicator to select the five most undervalued sectors. The sector with the lowest momentum over the last twelve months is then excluded. The remaining four sectors are weighted equally.

The CAPE ratio is a cyclically-adjusted price/earnings ratio that divides the share price by the inflation-adjusted average earnings over the last ten years. This valuation ratio is used to identify undervalued companies and is extended here to equity sectors.

The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,200 ETFs. With this selection and an average monthly trading volume of around EUR 14 billion, Xetra is the leading trading venue for ETFs in Europe.

2 September 2024, © Deutsche Börse AG