|db x-trackers Launches North American CDX ETFs|
|June 14, 2012 13:42 (CET)|
db x-trackers has launched a new range of ETFs offering investors pure credit risk exposure to North American high yield and investment grade credit indices.
“By providing access to these indices in ETF format we are opening up parts of the corporate credit market that are not easy to trade, even for large institutional investors. ETFs offer a liquid and hassle free route to taking these exposures, while investors will also benefit from the usual competitive fees and high levels of transparency associated with db X-trackers ETFs,” said Manooj Mistry, head of db x-trackers for the UK.
The range includes ETFs designed to allow investors to take long or short exposure on each index, by either a factor of one or two.
“Our range of daily short ETFs meanwhile aims to provide those investors holding a portfolio of investment grade or high yield bonds with a tool for hedging their positions against market drawdowns,” added Mistry.
All of the new funds have been listed on the London Stock Exchange, with total expense ratios ranging from 0.18 percent to 0.34 percent.