New Listing

Tabula IM enters Italian ETF market

Total expense ratio of 0.29%

George Geddes

a man smiling for the camera

Fixed income ETF issuer Tabula Investment Management, has entered the Italian market with the listing of its investment grade bond ETF.

The Tabula iTraxx Europe IG Bond UCITS ETF (TTRX) has been listed on Borsa Italiana with a total expense ratio of 0.29%.

Since its inception in January 2020, TTRX has accumulated $120m in assets under management (AUM).

It offers Italian investors exposure to euro-denominated investment grade bonds from European issuers.

Tracking the iTraxx Europe benchmark index, it reflects the 125 most liquid European investment grade credit default swaps.

TTRX’s benchmark has a constant average maturity of five years and has an AA rating calculated by MSCI ESG Research.

This is the fifteenth European country TTRX has been listed in. 

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Michael John Lytle (pictured), CEO of Tabula IM, commented: “This is Tabula's first Italian listing and demonstrates our commitment to bring innovative fixed income ETFs to a key and significant market.

“With almost half of Italian-listed ETF AUM in the fixed income asset class, Italian investors have shown themselves to be leaders in passive fixed income investing.”

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