European fixed income ETF provider Tabula Investment Management has strengthened its focus on the German market by listing one of its ETFs on XETRA.
The listing of the Tabula JP Morgan Global Credit Volatility Premium Index UCITS ETF on the exchange offers investors in Germany access to a wider range of locally traded, liquid and transparent ETFs.
The strategy seeks to capture the volatility risk premia from selling short-term credit options in European and US high yield while daily hedging exposure to underlying credit spreads, known as delta-hedging.
TVOL is the first of Tabula’s four ETFs to be listed on Xetra. Tabula’s entire fund range, which also includes smart beta credit, and long and short high yield credit spread strategies, is approved for distribution in Germany. Tabula’s regional activities are overseen by its dedicated German Coverage Director, Gereon Tewes.
“We are focused on delivering a broad range of fixed income factors which were previously only available to sophisticated investors,” says Tabula CEO Michael John Lytle. “There is a growing need for more innovative fixed income tools to manage risk and navigate markets, and we are excited to be able to offer this product to German investors,” adds Lytle.
“The addition of the Tabula JP Morgan Global Credit Volatility Premium Index UCITS ETF has significantly diversified the range of products on our exchange and we are excited to welcome Tabula as a promising new ETF provider,” commented Dr Martin Reck, Managing Director Cash Market at Deutsche Boerse.
Trading on Xetra takes place daily from 9.00am to 5.30pm local time. Lang & Schwarz Tradecenter acts as market maker.