BNP Paribas Asset Management has listed three fixed maturity ETFs on Euronext Paris and Frankfurt’s Xetra with Milan’s Borsa Italiana to follow next week.
Fixed maturity plans are diversified portfolios composed of bonds with similar maturity dates as well as other debt securities. They are designed to provide investors visibility on the estimated yield to maturity and typically have a short to medium-term maturity such as three or five years, depending on the investment horizon.
Pieter Oyens, global head of marketing at BNP Paribas Asset Management, said: “With interest rates at their current levels, investors are looking for ways to lock in those rates.
“Fixed maturity products can be an excellent way to do this as they give access to a diversified portfolio of bonds which are maturing at a similar point in time and before the product’s maturity date.”
The new euro-denominated ETFs will have maturity dates of December 2027, December 2029 and December 2032
