DWS lists three Xtrackers Bond ETFs to the LSE

DWS Xtrackers has listed three new Exchange Traded Funds (ETFs) to the LSE (London Stock Exchange)

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Simon Klein, Global Head of Passive Sales at DWS.

Xtrackers USD High Yield Corporate Bond UCITS ETF

The fund is passively managed. The aim is for your investment to track the performance, before fees and expenses, of the Bloomberg US High Yield Very Liquid Index ex 144A. The index is based on the Bloomberg US Corporate High Yield Index, which reflects the performance of high-yielding fixed-interest tradable debt (bonds) denominated in US Dollars. The index tracks a subset of bonds from the Parent Index which are readily realisable and includes bonds which are issued by financial, utility, or industrial institutions that meet specific maturity, credit rating and liquidity requirements. For bonds to be included in the index, they must on the relevant rebalancing date meet certain pre-determined standards (such as eligible currency, amount outstanding, quality, maturity and level of interest payments). The bonds must have a fixed rate of interest, must be rated less than Ba1/BB+ by major rating agencies and exclude the 144A tranche securities that do not have an equivalent Regulation S tranche. The index is calculated on a total return net basis. This means that all interest payments received from bonds are reinvested in the index. The index is reviewed and rebalanced monthly. To achieve the aim, the fund will attempt to replicate the index by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities.

Xtrackers II US Treasuries 1-3 UCITS ETF

The fund is passively managed. The aim is for your investment to reflect the performance of the IBOXX $ TREASURIES 1-3® Index. The index reflects the performance of tradable debt (bonds) denominated in US Dollars issued by the US government. The composition of the index is rebalanced according to a pre-set methodology. For bonds to be included in the index they must have a minimum maturity of 18 months when they are issued, and, on the relevant rebalancing date, have a remaining time to maturity of at least one year and up to three years. All bonds require a minimum amount outstanding of USD 1 billion in order to be eligible for the index. The index is calculated on a total return basis, which means that amounts equivalent to interest payments on the bonds are reinvested in the index. The index is reviewed and re-balanced monthly and is administered by IHS Markit Benchmark Administration Limited. To achieve the aim, the fund will attempt to replicate the index by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities.

Xtrackers II US Treasuries UCITS ETF

The fund is passively managed. The aim is for your investment to reflect the performance of the IBOXX $ TREASURIES Index. The index reflects the performance of tradable debt (bonds) denominated in US Dollars issued by the US government. The composition of the index is rebalanced according to a pre-set methodology. For bonds to be included in the index they must have a minimum maturity of 18 months when they are issued, and, on the relevant rebalancing date, have a remaining time to maturity of at least one year. The bonds must have at least USD 1 billion outstanding. The index is calculated on a total return basis, which means that amounts equivalent to interest payments on the bonds are reinvested in the index. The index is reviewed and re-balanced monthly and is administered by IHS Markit Benchmark Administration Limited. To achieve the aim, the fund will attempt to replicate the index by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities.

Source: ETFWorld.co.uk