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Deutsche Asset Management bond index ETF launched on Xetra

The db x-trackers USD High Yield Corporate Bond UCITS ETF (DR) has been launched by Deutsche Asset Management and is tradable on Xetra and Börse Frankfurt.

The bond index ETF enables investors to participate in the performance of fixed-rate corporate bonds denominated in US dollars.

The reference index comprises high yield bonds issued by companies in the finance, utilities and industrial sectors, fulfilling specific maturity, credit, and liquidity requirements. The bonds must be rated Ba1/BB+/BB+ or lower by a leading rating agency. Not included are security tranches pursuant to rule 144A of the US Securities Act adopted by the US Securities and Exchange Commission (SEC).

Ongoing charges are 0.35 per cent and the distribution policy is distributing.

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