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db x-trackers II EUR High Yield Corporate Bond UCITS ETF (DR) launched on Xetra

ETF provides access to liquid euro-denominated corporate bonds…


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A new db x-trackers bond index ETF from Deutsche Asset Management’s product offering has been tradable via Xetra and Börse Frankfurt since Monday.

Name: db x-trackers II EUR High Yield Corporate Bond UCITS ETF (DR)
Asset class: bond index ETF
ISIN: LU1109943388
Total expense ratio: 0.35 percent
Distribution policy: accumulating
Reference index: Markit iBoxx EUR Liquid High Yield Index

The db x-trackers II EUR High Yield Corporate Bond UCITS ETF (DR) enables investors to participate in the performance of the largest and most liquid euro-denominated corporate bonds from the sub-investment grade segment. These can be issued by companies both within and outside of Europe.

The index generally only contains bonds with a term of between 2 and 10.5 years as of the rebalancing date and a rating of below Baa3/BBB- from a reputable rating agency.

They can have either a fixed or variable rate of interest. The maximum weighting per issuer is 3 percent and 20 percent per country. The index is re-balanced on a monthly basis.

Source: ETFWorld.co.uk

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