The European Central Bank (ECB) yesterday launched an €750 billion ($820 billion) emergency private and public bond purchase scheme dubbed Pandemic Emergency Purchase Programme (PEPP). According to the statement, it will continue at least until the end of the year and will end only when the "crisis phase" is over. Right now it purchases a maximum of 33% of a government's outstanding debt and no more than 33% of a particular bond issue.
ECB President Christine Lagarde keeps rates unchanged for the Euro zone and offers a moderately bullish view on the economy. This puts these ETFs in focus.