Stuttgart exchange to give German investors access to Euronext ETF

German investors will have access to Euronext exchange-traded funds (ETFs) from next month, following a selling agreement between the pan-European exchange and Boerse Stuttgart.

ETFs listed on Euronext Paris (currently 63 contracts) will be tradable from the Stuttgart exchange from March 4, said Euronext. They will be available to trade during French trading hours. Boerse Stuttgart will earn all associated trading commissions. “The added value for Euronext will be the increase in order flow,” said a Paris-based Euronext spokeswoman.

ETFs, or trackers as they are called on Euronext, replicate an index or track the performance of a basket of stocks. They let investors gain exposure to a country, an economic sector or a region through a single contract. Euronext’s ETF segment, NextTrack, contains a range of national indexes such as the Dutch AEX and the French Cac40. It also contains regional indexes, such as the eurozone Dow Jones Euro Stoxx 50, and sector indexes, such as the FTSE Global Autos index.

Boerse Stuttgart is Germany’s largest stock exchange after Frankfurt-based Deutsche Boerse. Its biggest market segment is Euwax, which mainly trades warrants and certificates. Euwax already lists 64 passively managed and 23 actively managed ETFs.

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