UniCredit and Axiom AI launch first global CoCo bond ETF

UniCredit and Axiom Alternative Investments have partnered to launch a global ETF providing market weighted exposure to the contingent convertible (CoCo) bond market. The UC AXI Global CoCo Bonds Ucits ETF, listed on Deutsche Börse Xetra, is the first ETF to provide investors with access to the entire liquid CoCo bond market, including Additional Tier 1 and Restricted Tier 1 capital instruments. The ETF, developed and launched in cooperation with Axiom Alternative Investments, will trac...