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Active exchange traded funds make a strong start

Active exchange traded funds, which went live on Deutsche Börse on Monday, made up more than 15% of the stock exchange's entire exchange traded funds turnover on their first day of trading.

The German exchange has been trading index or passive exchange traded funds since April in the XTF market segment. Deutsche Börse said that trading turnover in the new active funds, which were listed by DWS Investment, stood at €3.07m ($2.60m) on Monday. More than 97% of the turnover was traded via the Xetra, Frankfurt exchange's platform.

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