TCRS
•
Fixed Income
TABULA GLOBAL IG CREDIT CURVE STEEPENER UCITS ETF (EUR) - ACC
TER (bps):
40
AUM (USD m):
22
ISIN:
IE00BMQ5Y557
Domicile:
Ireland
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Global
As of:
14 Nov 2024
Climate Fund:
No
Benchmark
The iTraxx-CDX IG Global Credit Steepener Index provides exposure to credit curve steepness in North American and European Investment Grade CDS markets. The index tracks the return of taking equal positions on CDS indices by selling 5y protection and buying 10y protection: 50% iTraxx Europe 5y and 10y (125 investment grade entities, equally weighted) and 50% CDX IG 5y and 10y (125 investment grade entities, equally weighted). The Index is rebalanced monthly to maintain an approximate 3:1 market exposure to the short On-the-Run 10 Year Index CDS position where the weight of the long On-the-Run 5 Year Index CDS position is determined to offset the credit sensitivity of the 10 Year position.
PERFORMANCE
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