GERMANY - Deutsche Börse has released a new index family based on the government bond market, comprising six Eurogov indices.
Six bond index ETFs tracking the Eurogov indices have also been launched on the XTF segment of the exchange, by ETFlab Investment, a subsidiary of DekaBank Deutsche Girozentrale.
The indices measure the performance of the German government bond market, with each index covering a different maturity. Five of the indices only cover bonds with a minimum residual maturity of one year.
The Eurogov Germany Money Market index consists of fixed-rate bonds with a residual maturity of two months and a maximum of one year.
The bonds must have an outstanding minimum volume of €4bn in order to be included in the indices and zero coupon bonds are excluded.
The ETFs track the indices with various maturities, which comprises 2 months to 1 year; 1-3 years; 3-5 years; 1-10 years; 5-10 years and more than 10 years.
The composition of the Eurogov indices is reviewed and adjusted on a quarterly basis, while the Eurogov Germany Money Market index is adjusted on a monthly basis.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.