db x-trackers launches short Hong Kong stock index ETF

Deutsche Bank has launched the first ETF fund to track the inverse performance of an Asian stock market.

The firm's ETF arm, db x-trackers, has introduced the product to provide European investors with short exposure to Hong Kong's Hang Seng index. The HSI Short Daily Index ETF, listed on the London Stock Exchange, has an all-in fee of 0.75%. In addition, four new ETF funds tracking short daily European sector indices have also been added to the existing range of five, which were launched last year. Basic resources, industrial goods, insurance and utilities can now be shorted through the new funds. The ETFs on short daily indices offered by db x-trackers' have accumulated assets of...