COVID-19 bond ETF created by WisdomTree Investments
Today WisdomTree Investments has launched the first fixed income exchange
traded fund issued to finance the European Unions "EU" coronavirus recovery
programs. The ETF will be listed on the Borsa Italiana Exchange under the
ticker (EUBO). It will also trade on the German Xetra exchange under the
ticker (W1TG).
The fund is starting with Issuer AUM of $2.48 billion and an expense ratio
of 0.16%. The WisdomTree ETF is made up of a grouping of EU issued bonds
that have a unified course of action in reducing the damage from the
coronavirus.
The bonds that are issued under this ETF are put in place to help finance
and support the unemployment risks in the SURE Programme with a ceiling of
€100bn and €750bn on the NextGenerationEU initiative.
European Central Bank President Christine Lagarde stated "Extraordinary
times require extraordinary action. There are no limits to our commitment
to the euro." The issuance of EUBO by WisdomTree is an example of the times
we are in and how deep the pandemic has infiltrated its roots to the
financial systems that products are being built around it.
|Today, 8:57 AM|1 Comment
Today WisdomTree Investments has launched the first fixed income exchange
traded fund issued to finance the European Unions "EU" coronavirus recovery
programs. The ETF will be listed on the Borsa Italiana Exchange under the
ticker (EUBO). It will also trade on the German Xetra exchange under the
ticker (W1TG).
The fund is starting with Issuer AUM of $2.48 billion and an expense ratio
of 0.16%. The WisdomTree ETF is made up of a grouping of EU issued bonds
that have a unified course of action in reducing the damage from the
coronavirus.
The bonds that are issued under this ETF are put in place to help finance
and support the unemployment risks in the SURE Programme with a ceiling of
€100bn and €750bn on the NextGenerationEU initiative.
European Central Bank President Christine Lagarde stated "Extraordinary
times require extraordinary action. There are no limits to our commitment
to the euro." The issuance of EUBO by WisdomTree is an example of the times
we are in and how deep the pandemic has infiltrated its roots to the
financial systems that products are being built around it.
|Today, 8:57 AM|1 Comment
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