WisdomTree has launched a fixed income ETF investing in an index of bonds issued to finance the European Union's coronavirus recovery programmes worth a total of €850bn.
The WisdomTree European Union Bond UCITS ETF (EUBO), listed on the Borsa Italiana and the German Börse Xetra, tracks the price and yield performance of the iBoxx EUR European Union Select index and has an expense ratio of 0.16%. The index consists of a basket of euro-denominated investment grade bonds issued by the EU to finance the Support to mitigate Unemployment Risks in an Emergency (SURE) programme (with a ceiling of €100bn) and the NextGenerationEU initiative, worth €750bn. These initiatives aim to mitigate EU member state unemployment risks and repair the immediate economic an...
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