db x-trackers, Deutsche Bank’s exchange-traded fund platform, has launched the HSI Short Daily Index ETF, the first ETF to offer European investors access to the short daily performance of an Asian stock market.
The ETF tracks the daily inverse performance of the Hang Seng Index, the most widely quoted indicator of the Hong Kong stock market.
Manooj Mistry, head of db x-trackers UK, says: “The db x-trackers ETFs on short daily indices are very popular with investors across Europe. These products now have assets of over EUR2bn and are amongst the most actively traded ETFs in Europe. The launch of the db x-trackers’ HSI Short Daily Index ETF complements the existing range of short daily index ETFs and provides a diversified option for investors looking for exposure to short performance of an Asian stock market.”
db x-trackers has also launched four new European sector ETFs on short daily indices to add to the range of five that were launched in 2008. The new sectors covered include basic resources, industrial goods, insurance and utilities.