Bringing you live news and features since 2006 

db x-trackers II IBOXX Sovereigns Eurozone UCITS ETF to switch to direct investment policy


The db x-trackers II IBOXX Sovereigns Eurozone UCITS ETF is to switch from its current indirect investment policy to a direct investment policy with optimised index replication.

Currently the sub-fund is exposed to the performance of the reference index by way of derivative transactions such as individually negotiated (OTC) swap transactions. Once the DR switch is effective on 5 September, the sub-fund will carry out its investment objective by directly investing in a portfolio of transferable securities or other eligible assets that will comprise a substantial number of the constituents of the reference index in a similar proportion as the reference index as determined by the investment manager and sub-portfolio manager.
The investment manager of the fund is also to change, with State Street Global Advisors (SSgA) being replaced by Deutsche Asset Management Investment (DeAM).
In addition, DeAM GmbH will sub-delegate certain of its portfolio management functions to Deutsche Asset Management (UK) Limited (DeAM (UK)). The investment manager change is to optimise and rationalise the portfolio management set-up of the fund. There will be no increase in the fees levied as a result of this replacement.
The fund is to change its name to the db x-trackers II Eurozone Government Bond UCITS ETF (DR).

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by