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ETFWorld : Deutsche Asset Management launches a bond index ETF on Xetra

The new db x-trackers USD High Yield Corporate Bond UCITS ETF (DR) enables investors to participate in the performance of fixed-rate corporate bonds denominated in US dollars….

Name: db x-trackers USD High Yield Corporate Bond UCITS ETF (DR)
Asset class: bond index ETF
ISIN: IE00BDR5HM97
Ongoing charges: 0.35 per cent
Distribution policy: distributing
Benchmark: Bloomberg Barclays US High Yield Very Liquid Index ex 144A

The Bloomberg Barclays US High Yield Very Liquid Index ex 144A  comprises high yield bonds issued by companies in the finance, utilities and industrial sectors, fulfilling specific maturity, credit, and liquidity requirements.

The bonds must be rated Ba1/BB+/BB+ or lower by a leading rating agency. Not included are security tranches pursuant to rule 144A of the US Securities Act adopted by the US Securities and Exchange Commission (SEC).

Source: ETFWorld

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