New Ossiam ETF on Xetra: access to the US sector rotation strategy based on the Barclays Shiller Cape Ratio
New Ossiam ETF on Xetra: access to the US sector rotation strategy based on the Barclays Shiller Cape Ratio
Since Tuesday, a new exchange-traded fund issued by Ossiam has been tradable on Xetra and Börse Frankfurt.
The Ossiam Shiller Barclays CAPE US Sector Value UCITS ETF in the USD share class offers investors access to the US sector selection strategy. This aims to identify undervalued industries based on the Shiller price-to-earnings ratio (CAPE ratio).
The CAPE ratio is a cyclically-adjusted price-to-earnings ratio and is equal to the share price divided by the inflation-adjusted average earnings over the past ten years.
This valuation metric is used to identify undervalued companies and is extended here to equity sectors. A monthly rotation selects the five most undervalued sectors based on the relative CAPE ratio. The sector with the least momentum is additionally excluded. The remaining four sectors are weighted equally.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
Ossiam Shiller Barclays CAPE US Sector Value TR - UCITS ETF 1C (USD) | Equity ETF | 0.65 per cent | accumulating | Shiller Barclays CAPE US Sector Net TR Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,154 ETFs. With this selection and an average monthly trading volume of around €14 billion, Xetra is the leading trading venue for ETFs in Europe.