Germany

Exchange-traded funds in Germany

Rüdiger Litten, partner. Till Schöppe, associate, Norton Rose, Frankfurt

XTF Exchange Traded Funds (XTF) is Deutsche Börse AG’s (DBAG) market segment for exchange-traded funds (ETFs) DBAG was the first exchange in Europe to organise a separate segment for exchange-traded funds. Since April 2000, investors have been able to invest in exchange-traded funds and, since November 2000, in actively managed funds. Both fund types can be traded on Xetra, DBAG’s electronic trading platform, using any bank that offers an equity trading facility.