Deutsche Asset Management has established a range of db X-trackers fixed income Core ETFs that all use direct physical replication and have low annual all-in fees….
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Simon Klein, Deutsche AM’s Head of ETF Sales, EMEA and APAC
The fixed income Core range provides exposure to Eurozone and US government bonds, to the euro and US dollar corporate bond markets, and to the euro-denominated high-yield corporate bond market (see table below for a list of db X-trackers Core fixed income ETFs). Euro-hedged share classes of those ETFs providing exposure to USD corporate bond and US government bond markets are also available as part of the fixed income Core range.
In establishing the fixed income Core range the db x-trackers II EUR Corporate Bond UCITS ETF (DR) and the db x-trackers Barclays USD Corporate Bond UCITS ETF (DR) have had their annual all-in fees reduced from 0.2% per annum to 0.16% per annum.
“We already have low-cost db X-trackers Core ETFs covering major equity benchmarks, and investors will now welcome a similar focus on efficiency on the fixed income side,” said Simon Klein, Deutsche AM’s Head of ETF Sales, EMEA and APAC.
The db X-trackers equity Core ETFs range was established in 2014, providing major equity benchmark exposure starting at 0.07% all-in fee per annum. All db X-trackers Core ETFs use direct physical replication.
“The inclusion of a range of physical replication fixed income ETFs into the db X-trackers Core range helps give investors the exposures they need to create efficient, long-term core holdings in their portfolios,” added Klein.
db X-trackers fixed income Core ETFs
Name of ETF | All-in Fee per annum (TER) | Trading Code | Assets Under Management (as at 21 Feb 2017*) | Additional share class |
db x-trackers II Eurozone Government Bond UCITS ETF (DR) | 0.15% | XGLE | EUR 1533 million | Distributing share class X03F/ XEZD |
db x-trackers II iBoxx $ Treasuries UCITS ETF (DR) | 0.15% | XUTD | USD 152 million | EUR hedged share class XUTE, 0.20% TER |
db x-trackers II EUR Corporate Bond UCITS ETF (DR) | 0.16% | XBLC | EUR 205 million | |
db x-trackers Barclays USD Corporate Bond UCITS ETF (DR) | 0.16% | XDGU | USD 546 million | EUR hedged share class, XDGE, 0.21% TER |
db x-trackers II EUR High Yield Corporate Bond UCITS ETF (DR) | 0.35% | XHYG | EUR 302 million |
Source: ETFWorld.co.uk
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