HEDGE FUND ETF Reaches US $1 Billion in assets under management …
In under a year the db x-trackers db Hedge Fund Index ETF has reached more than US$1 billion in assets under management. As of the 8th of December the fund’s assets are US$1.05 billion or 715 million Euros.
In January 2009 the db Hedge Fund ETF became the world’s first ETF to directly invest in hedge funds via the db Hedge Fund Index. The db Hedge Fund Index is asset weighted to the hedge fund industry and linked to the range of hedge funds available on Deutsche Bank’s X-markets Hedge Fund Platform. Since launch the ETF has firmly established itself as liquid and transparent form of access for investors who want exposure to the hedge fund market.
Stephane Farouze, Global Head of Hedge Fund Derivatives, Deutsche Bank said; “The db x-trackers Hedge Fund Index ETF is the first of its kind to provide exposure to the performance of actual hedge funds. It is not a hedge fund replicator. With the introduction of the ETF we have enabled investors to access an important portfolio component in a new way. Underlying the index is a diversified pool of hedge funds from the, transparent, risk-monitored and liquid Deutsche Bank X-markets Hedge Fund platform.
The db x-trackers db Hedge Fund Index ETF is available in US Dollars, British Pounds, Euro and Swiss Franc share classes and is now listed in the UK, Germany and Switzerland.
The db Hedge Fund Index ETF is intended for investors who are looking for a broad and liquid hedge fund investment platform. Deutsche Bank also provides sufficient liquidity across all listed exchanges and enables OTC trading supporting large order sizes. In addition it is also possible to trade daily at NAV.
Thorsten Michalik, Head of db x-trackers at Deutsche Bank said; “Besides investing into actual hedge funds, the intra-day liquidity is clearly a unique advantage of our Hedge Fund ETF – daily volumes of over 50 million Euros are not unusual. We’re aiming for the db x-trackers db Hedge Fund Index ETF to become the world’s most recognized product for transparent and liquid investments into Hedge Funds.”
Source: ETFWorld – Deutsche Bank