ETF provides access to liquid euro-denominated corporate bonds…
Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy
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
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.