DWS lists two Xtrackers Bond ETFs to the LSE

DWS Xtrackers has listed two Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)

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By ETFWorld.co.uk

Simon Klein, Global Head of Passive Sales at DWS

Xtrackers II J.P. Morgan EM Local Government Bond UCITS ETF

The fund is passively managed. The aim is for your investment to reflect the performance of the J.P. Morgan Government Bond Index-Emerging Markets Global Div 10% Cap 0.25% Floor Index. The index aims to reflect the performance of investment-grade and high-yield sovereign debt issued by the governments of certain emerging market countries, issued in domestic currency.

Eligible debt securities must be issued by governments domiciled in emerging market countries, as determined by the the index administrator. A country is eligible for the index if:

(a) its Gross National Income per capita is below a certain index income threshold;

(b) its national cost of living, as measured by the Index Purchasing-Power-Parity Ratio, is below a certain threshold;

and/or (c) its sovereign credit rating is below a certain threshold.

The index includes only those countries that are accessible by most of the international investor base as determined by the index administrator and have a weight in the J.P. Morgan GBI-EM Global Diversified Index above a predefined threshold. Constituents in the index are market capitalisation weighted using the index administrator’s diversified weighting methodology. A maximum country weight cap of 10% and minimum country weight floor of 0.25% are applied to the index constituents in order to limit individual market concentration, occurring at the date of each rebalance. Rebalances are conducted once a month at the end of the month

Source: ETFWorld.co.uk