First hedge fund ETF launched in Deutsche Börse’s XTF segment
ETF based on Russell 2000 Index listed in XTF segment
Deutsche Börse has expanded its XTF segment offering for exchange-listed index funds. Two new ETFs were admitted to trading on the pan-European trading platform Xetra® on Wednesday. Investors now have the opportunity for the first time to invest in a hedge fund ETF issued by db-x-trackers, a Deutsche Bank subsidiary. Furthermore, they can participate in the performance of the Russell 2000 Index.
The db x-trackers db Hedge Fund Index ETF (ISIN: LU0328476337) tracks the performance of the db Hedge Fund Index. The index comprises various hedge fund strategies and can serve as a fund of funds substitute. It is tracked via a hedged portfolio with a one-month term in euros through futures contracts. The aim of the db Hedge Fund Index is to chart the bundled performance based on the weightings of the different index components. The following sub-indices are components of the db Hedge Fund Index: dbX-THF Equity Hedge Index, dbX-THF Event Driven Index, dbX-THF Credit and Convertible Arbitrage Index, dbX-THF Systematic Marco Index and dbX-THF Equity Market Neutral Index. The ETF management fee is 0.90 percent.
The investment objective of the db x-trackers Russell 2000 ETF is to track the performance of the Russell 2000 Index. The aim of the index is to generate an exposure relating to the investible small cap segment of the US equities universe. The index is a subset of the Russell 3000 Index, which comprises the 3,000 largest US shares in terms of market capitalization. It is comprised of around 2,000 of the smallest securities in the Russell 3,000 Index, thus covering approximately ten percent of the entire market capitalization of this index. The ETF management fee is 0.45 percent.
A total of 413 exchange traded index funds are currently listed in Deutsche Börse’s XTF segment. Deutsche Börse has the largest selection of ETFs of all European exchanges. This selection, together with an average monthly trading volume of over €10 billion, makes Xetra Europe’s leading trading venue for ETFs.
Xetra® is a registered trademark of Deutsche Börse AG.
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