db x-trackers, Deutsche Bank’s Exchange Traded Funds Supermarket, is pleased to announce the launch of two new exchange traded funds, tracking sterling and the Fed rate respectively:
– SONIA – the Sterling Overnight Index Account
– Fed Funds Effective Rate total return index
These two innovative ETFs offer investors access to short-term money market interest rates. Low annual charges of 0.15%, the low tracking error of db x-trackers ETFs, the flexibility of ETFs and the attractive rates offered in these markets, presently standing at 5.48% and 3.47% respectively make these funds an interesting option for investors who may be cautious in light of the present choppy waters of equity markets.
Source:ETFWorld.co.uk – db x-tracker