News & Knowledge Center
Nov 27, 2025

Deutsche Börse

Deutsche Börse Welcomes Active Core Asset Management as New ETF Issuer

The first active exchange-traded fund issued by Active Core Asset Management in partnership with HAFS Group has been tradable on Deutsche Börse since Thursday.

The eNOVA Active Core EUR Ultra Short Term Fund UCITS ETF is actively managed and invests in a selection of short-term, euro-denominated bonds with an investment grade rating.

The investment approach focuses on the targeted selection of individual bonds and the management of interest rate risk (duration and the yield curve). The strategy is based on fundamental bottom-up analysis, prioritizing liquid, euro-denominated bonds with short maturities (0–14 months). A thorough country analysis for sovereign bonds, along with the integration of ESG criteria, completes the investment process.

Name

Asset class

ISIN
Xetra Ticker*

Ongoing charges

Distribution policy

eNOVA Active Core EUR Ultra Short Term Fund UCITS ETF

Active Fixed Income ETF

IE000ST59DS4
619A (EUR)

0.12%

accumulating

* Trading currency in brackets.


The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,632 ETFs, 203 ETCs und 284 ETNs. With this selection and an average monthly trading volume of around €28.4 billion, Deutsche Börse Xetra is the leading trading venue for ETFs and ETPs in Europe.

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