PowerShares launches its first bond ETF

Starting from October 10th 2008, will be listed the "PowerShares EuroMTS Cash 3 Months Fund"

Oct 08 2008 - 16:50

Borsa Italiana welcomes on the Open-end Index Funds - class 1 segment of ETFplus market the "PowerShares EuroMTS Cash 3 Months Fund" issued by the SICAV PowerShares Global Funds Ireland Plc. The investment target of the new ETF is to mirror the performance its benchmark index, the EuroMTS Government Bill Index:

The index, calculated and published by EuroMTS, is composed by sovereign bills (zero coupon) issued by 7 European monetary union countries (Belgium, France, Germany, Italy, Netherlands, Portugal and Spain) and listed on the MTS market. In details are selected bill subject to active quotation on the MTS platform whose maturity range is defined as follow:

- Given the settlement period for each bill (typically 1 to 3 business days), the minimum Maturity Date of each eligible bill is the settlement period plus one business day.

- The maximum Maturity Date of each eligible bill is 6 calendar months.

Here below you can find the ETF features:

PowerShares EuroMTS Cash 3 Months Fund
Total Expense Ratio: 0.15%
Dividends: capitalized
ISIN Code: IE00B3BPCH51
Trading Code: PEU
Specialist: Susquehanna International Securities Ltd

Please download the relevant public notice: VISUALIZZA PDF