Credit Suisse unveils four ETFs on Xetra

Credit Suisse has listed four ETFs on the Deutsche Boerse offering exposure to alternative energy providers, interest rates and fixed income.

The range includes the CS ETF the Fed Funds Effective Rate, which represents a daily rolled deposit earning a weighted average of the interest rates charged on interbank loans of federal funds.

Two of the funds track the Euro Overnight Index Average (EONIA) rate and the MSCI World.

The CS ETF on Global Alternative Energy is the only one of the new products to be directly replicated, and tracks the performance of 30 listed companies involved in the natural gas, wind, solar, bio-energy and geothermal sectors.

The other three ETFs use a swap to generate returns, with Credit Suisse returning the performance of the underlying index.

The two fixed income funds carry a total expense ratio of 0.14%, while the MSCI World ETF charges 0.40% and the Global Alternative Energy ETF comes in at 0.65%.