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Deutsche AWM launches USD corporate bond ETF

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Deutsche Asset & Wealth Management (Deutsche AWM) has launched an ETF that provides exposure to the US dollar-denominated liquid corporate bond market.

The db x-trackers Barclays USD Corporate Bond UCITS ETF (DR) tracks the Barclays USD Liquid Investment Grade Corporate Index. The index comprises almost 1,500 bonds, over 80 per cent of which have been issued by US-domiciled companies. The ETF has listed on the Deutsche Börse and will shortly list on the London Stock Exchange.
 
The average credit rating of bonds in the index is investment grade (i.e. at least Baa3 from Moody’s, BBB from Fitch Ratings, or BBB- from Standard & Poor’s), while the current index yield is 3.69 per cent.
 
“With yields on many short maturity major government bonds now in negative territory, which means investors are effectively paying to own these bonds, there is a demand for fixed income exposure that generates a reasonable yield. Our new US dollar corporate bond ETF helps meet that demand,” says Michael Mohr, head of exchange-traded product development, EMEA, at Deutsche AWM.
 
The ETF is physically replicating and has an All-in Fee of 0.2% per annum.
 
By the end of August this year fixed income ETFs globally had generated almost USD 52.8 billion in inflows year-to-date,

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