Two new ETFs were admitted to trading on the pan-European trading platform Xetra of Deutsche Boerse. 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 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%.
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.
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