The Tabula iTraxx Europe IG Bond UCITS ETF is listed on the London Stock Exchange (TTRX) and Xetra (TABX) with a total expense ratio (TER) of 0.29%.
TTRX tracks the new iBoxx iTraxx Europe IG Bond index which the firm developed in partnership with IHS Markit.
The index combines the construction of an iBoxx index with the geographic and sector exposure of iTraxx Europe, the reference instrument for trading European investment grade bonds via credit default swaps.
The index offers investors exposure to bonds only issued by European companies and has a 5-year maturity target.
TTRX also consists of fixed sector bands with equal weighting per issuer to achieve diversification.
Physically replicated through optimised sampling, TTRX is EUR-denominated and rebalances semi-annually.
Frans Scheepers, managing director for indices at IHS Markit, added: “The ETF provides investors with a new instrument to gain exposure to the corporate credit market.”