10/09/2010
Credit Suisse lists 13 synthetic replication ETFs in Frankfurt
p { margin-bottom: 0.08in; } Credit Suisse (Deutschland) and Deutsche Börse on 9 September announced that they had admitted 13 new Irish-registered ETFs focused on emerging countries or regions to trading on the XTF segment of the Xetra platform. Total expense ratios range from 0.50% to 0.75%. The new products bring the number of ETFs now listed on Xetra to 693. Credit Suisse says the ETFs represent a new generation, as with these products the group is launching its first synthetic replication products, unlike the other 32 funds already listed in Frankfurt, which use exclusively physical replication. The 13 funds are meant to ally the advantages of synthetic replication with the transparency of physical replication products. Synthetic replication has the advantage that it more precisely and efficiently replicates indices with low levels of liquidity, which is particularly valuable in the case of emerging markets. The composition of the portfolio will be published daily on the website. The counterparty for swaps is the Credit Suisse group itself. The new ETFs are: Name ISIN total expense ratioCS ETF (IE) on CSI 300 IE00B5VG7J94 0.50%CS ETF (IE) on MSCI South Africa IE00B4ZTP716 0.65%CS ETF (IE) on MSCI EM EMEA IE00B5W0VQ55 0.65%CS ETF (IE) on MSCI Russia IE00B5V87390 0.65%CS ETF (IE) on MSCI EM Latin America IE00B5KMFT47 0.65%CS ETF (IE) on MSCI Brazil IE00B59L7C92 0.65%CS ETF (IE) on MSCI Chile IE00B5NLL897 0.65%CS ETF (IE) on MSCI Mexico Capped IE00B5WHFQ43 0.65%CS ETF (IE) on MSCI India IE00B564MX78 0.75%CS ETF (IE) on MSCI Korea IE00B5W4TY14 0.65%CS ETF (IE) on MSCI Taiwan IE00B5VL1928 0.65%CS ETF (IE) on MSCI EM Asia IE00B5L8K969 0.65%CS ETF (IE) on MSCI Australia IE00B5V70487 0.50%
