Deutsche releases euro corporate bond fund

Deutsche Bank has released an ETF providing exposure to euro-denominated corporate bonds on the Frankfurt Stock Exchange.

The db x-trackers II iBoxx EUR Liquid Corporate 100 Total Return index ETF is based on the respective benchmark, which tracks the performance of up to 100 euro-denominated corporate bonds. The index takes into account re-balancing costs and is sponsored by International Index Company, a subsidiary of Markit. Head of db x-trackers UK Manooj Mistry says: "Investors in corporate bond ETFs have typically been exposed to high tracking error and secondary market liquidity risks resulting from the uncertainty of liquidity in the underlying market." He says with this ETF, Deutsche has mini...