Tabula unveils European high yield ETF

The Tabula European iTraxx Crossover Credit UCITS ETF is listed on the London Stock Exchange with a total expense ratio (TER) of 0.40%. Tracking the iTraxx European Crossover Credit index, the ETF offers investors exposure to 75 securities across the European sub-investment grade corporate credit spectrum. Rebalanced monthly, the new index was developed in partnership with IHS Markit. Currently yielding 3.99%, the ETF provides beta exposure to credit default swaps (CDS), in this case high yield credits, and each security is equally weighted to avoid large sector biases. The firm...