Analyse: Lyxor ETF EuroMTS Highest Rated Macro-Weighted Govt Bond

Dieser ETF ist für Bond-Anleger gedacht, welche die Default-Risiken der hochverschuldeten Euro-Südstaaten vermeiden wollen. Sicherheit geht jedoch auf Kosten der Rendite. 

Jose Garcia Zarate 11.01.2013

Rolle im Portfolio

The Lyxor EuroMTS Macro-Weighted AAA Government Bond ETF – previously Lyxor EuroMTS AAA Government Bond - offers investors exposure to the entire maturity spectrum of top-rated Eurozone government bonds. The ETF tracks a fundamentally-weighted index which assigns individual country weights on the basis of a series of key macroeconomic indicators. This aims to address commonly cited pitfalls of market capitalisation fixed income indices such as the over-exposure to heavily indebted constituents.

The restriction in terms of credit rating and the reference to a macro-weighted fixed income index afford this ETF something of a dual role in a Eurozone-centric investment portfolio. Investors with low tolerance to risk are likely to use it as a core fixed income building block, offering the necessary counterweight to Eurozone equity fund exposure; particularly useful at times of economic downturn. Meanwhile investors with a more daring attitude to risk may prefer to use it as a satellite component, a sort of hedge or cushion to a core made up of an ETF encompassing all Eurozone issuers irrespective of credit standing.

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Über den Autor

Jose Garcia Zarate  ist Senior ETF Analyst bei Morningstar

Audience Bestätigung


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