Deutsche Bank launches credit protection ETFs

Deutsche Bank's ETF arm has launched three products allowing investors to buy credit protection throu...

Deutsche Bank’s ETF arm has launched three products allowing investors to buy credit protection through single shares rather than using derivatives. The db x-tracker products follow indices that measure the returns for credit protection buyers who hold the most recent 5-year Markit iTraxx credit default swap. The specific total-return indices to be tracked are Markit iTraxx Europe 5-year Short, Europe HiVol 5-year Short and Europe Crossover 5-year Short. The ETFs, which listed on Deutsche Börse today, will carry management fees of 0.18%, 0.21% and 0.24% respectively.