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Deutsche Asset Management lowers expense ratio for HYLB


Deutsche Asset Management (Deutsche AM), for a period of at least one year, is lowering the net expense ratio for the Xtrackers USD High Yield Corporate Bond exchange traded fund (ETF) (NYSE:HYLB) effective 27 October, 2017.

Deutsche AM Says this reestablished the fund as  the most cost-efficient high-yield ETF in the US market:
“At Deutsche Asset Management, we are committed to providing our clients with highly relevant and cost-efficient solutions,” says Fiona Bassett, Head of Passive Asset Management for the Americas. “With today’s announcement, investors will receive the most cost-efficient access to high-yield beta exposure through HYLB.”
Launched in December of last year, HYLB has grown to more than USD 280 million in assets (as of 25 October, 2017).

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