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db x-trackers launches iBoxx EUR Liquid Corporate 100 ETF


db x-trackers, Deutsche Bank’s exchange-traded fund platform, has launched its db x-trackers II iBoxx EUR Liquid Corporate 100 Total Return Index ETF.

The fund is Ucits III compliant and tracks the iBoxx EUR Liquid Corporate 100 Index, which represents the performance of up to 100 euro denominated corporate bonds, taking into account index re-balancing costs.

The ETF is listed on the Frankfurt Stock Exchange.
The ETF provides investors with exposure to a broadly diversified basket of 100 euro denominated corporate bonds, with a 0.20 per cent per annum all-in ETF fee.

The underlying iBoxx EUR Liquid Corporate 100 Index is sponsored by International Index Company, a subsidiary of Markit.
Manooj Mistry, head of db x-trackers UK, says: “Investors in corporate bond ETFs have typically been exposed to high tracking error and secondary market liquidity risk resulting from the uncertainty of liquidity in the underlying market. With this product we have addressed those issues, minimising tracking error through the use of a synthetic replication structure and ensuring a high degree of liquidity and price consistency with Deutsche Bank as the primary market maker. This, combined with the low all-in fee, means that investors now have low cost and efficient access to the Euro denominated corporate bond market.”

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