Australia

New db X-trackers money market ETF launched on Xetra

Tue, 07/05/2013 - 06:01

A new exchange-traded fund issued by db X-trackers, the db X-trackers II Australian Dollar Cash UCITS ETF, has been tradable in the XTF segment on Xetra since Friday.

The new db X-trackers money market ETF gives investors access for the first time via an ETF to the Australian dollar overnight money market rate.
 
The reference index is the daily money market reference interest rate, which represents the weighted average of interbank overnight rates.
 
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,028 exchange-listed index funds, making it the largest offering of all European stock exchanges. 


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