Janus Henderson launches one new GCC Sovereign Usd Bonds Ucits ETF on the LSE

Janus Henderson Investors today launches one new Tabula GCC Sovereign Usd Bonds Ucits ETF (Usd) – Accumulating on the London Stock Exchange

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By ETFWorld.co.uk

Ignacio De La Maza, Head of EMEA & LatAm Client Group at Janus Henderson

Tabula GCC Sovereign Usd Bonds Ucits ETF (Usd) – Accumulating

The Tabula GCC USD Sovereign Bonds UCITS ETF (USD) – Accumulating aims to track the ICE Gulf Cooperation Council Government Bond ex-144a Index (EGCC Index), less fees and expenses.

About the index

The Index provides exposure to USD-denominated sovereign bonds issued by six GCC countries: Saudi Arabia (A2), the UAE (A3), Qatar (AA3), Oman (BB3), Bahrain (B1) and Kuwait (A1). The Index applies a liquidity filter and only includes bonds with remaining time to maturity of at least 1 year and a minimum amount outstanding of US$500m in face value.

The Index has a 25% country limit. Countries that exceed the limit are reduced to a 25% index weight and the face value of each of their bonds is adjusted on a pro-rata basis.

Similarly, excess weights are redistributed proportionately to the face value of bonds of all other countries. The Index includes US registered securities, RegS securities and Eurobonds, but 144a securities are excluded.

Investment process

The ETF invests in a portfolio of sovereign bonds that reflects the composition of the Index as far as practicable

Source : ETFWorld.co.uk