The UC AXI Global Coco Bonds UCITS ETF - Institutional EUR-hedged gives investors the opportunity to participate in the performance of CoCo bonds of global financial institutions. CoCo bonds are long-dated, subordinated bonds with mostly fixed coupons, which are automatically converted from debt into equity when predetermined events occur. CoCo bonds, like subordinated bonds, are used to offset other higher-ranking liabilities.

The ETF uses a hedging strategy to minimise the exchange rate risk between the base currency of the index components and the euro.

The product range in Deutsche Börse's XTF segment currently comprises 1,410 ETFs. With this selection and an average monthly trading volume of around EUR 13 billion, Xetra is the leading trading platform for ETFs in Europe.