db x-trackers expanded its fixed income ETF range to 32 funds  this week with the launch of two new German bond trackers.

The db x-trackers iBoxx € Germany Total Return index ETF and the db x-trackers iBoxx € Germany 1-3 Total Return index ETF track indices offering exposure to German government bonds across the maturity spectrum, and to 1-3 year maturities, respectively.

The ETFs are offered at a management fee of 0.15% per annum and will trade on the Deutsche Boerse’s XETRA ETF platform.

The new funds will offer competition to iShares’ German-listed ETFs tracking the eb.rexx German government bond indices, which have around €3 billion under management.