DWS lists three new Xtrackers bond ETFs on the London Stock Exchange

DWS completed a new series of bond listings on the London Stock Exchange on 13 July 2026, with three Xtrackers ETFs expanding the range of hedged access to global corporate markets.

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Article created by the editorial staff of ETFWorld.co.uk

Simon Klein, Global Head of Xtrackers Sales at DWS

The products have also been admitted to trading on Euronext Dublin. This move comes just a few months after a reorganisation of DWS’s listings on the LSE, with the delisting of certain low-turnover ETFs in April 2026 to concentrate liquidity on the main markets.

The three ETFs

Xtrackers Global High Yield Corporate Bond UCITS ETF 4C – GBP Hedged

ISIN: IE000YHV2XO4

TER: 0.20%

Benchmark: ICE BofA Global High Yield Index

Passive management, tracking the index whilst minimising currency fluctuations at share class level. The index tracks below-investment-grade corporate debt (rated below BBB3) issued publicly in major domestic markets and as Eurobonds, with inclusion criteria based on currency, minimum outstanding amount, bond type and maturity. Credit assessment uses the average of the ratings from Moody’s, S&P and Fitch (ICE composite rating). Monthly rebalancing, daily valuation in USD, total return basis with coupon reinvestment.

Xtrackers Global Corporate Bond UCITS ETF 4C – GBP Hedged

ISIN: IE0008Z87N38

TER: 0.10%

Benchmark: ICE BofA Global Corporate Index (GTR, USD)

Exposure to investment-grade corporate bonds (BBB3 or higher) denominated in USD, with a minimum maturity of 3 years, a minimum issue size of USD 750 million per bond and USD 2 billion per issuer. Passive tracking with GBP currency hedging.

Xtrackers Global Corporate Bond UCITS ETF 3C – USD Hedged

ISIN: IE000VZ7IV68

TER: 0.10%

Benchmark: ICE BofA Global Corporate Index (GTR, USD)

Identical to the previous fund in terms of investment policy and benchmark, but with USD currency hedging rather than GBP. Suitable for investors seeking exposure to the global corporate bond market in US dollars.

Methodology and structure

All three funds are passively managed and aim to replicate the performance of the index before fees. The investment policy involves purchasing a portfolio of securities which may comprise the index constituents or other investments determined by DWS, supplemented by derivative contracts to mitigate the impact of exchange rate fluctuations between the currency of the fund’s assets and that of the underlying securities. The funds may employ techniques and instruments to manage risk, reduce costs and improve performance.

Market context

The ICE BofA Global Corporate Index covers investment-grade corporate debt issued in major domestic markets and Eurobonds. The main sectors within the ICE BofA US Corporate Index universe (a significant component of the global benchmark) are financials (approximately 30% of market value), industrials (approximately 50% in aggregate), utilities (8–10%), energy (approximately 7%) and telecoms (approximately 3%). The actual return on the ICE BofA US Corporate Index ranged between 5.0% and 5.4% in 2026.

The ICE BofA Global High Yield Index tracks below-investment-grade corporate debt denominated in USD, CAD, GBP and EUR. The geographical breakdown shows a strong concentration in the United States (over 56% of the index), followed by Europe (around 16%), the United Kingdom (around 5%), Canada (around 3%) and emerging markets (around 2%). The average credit quality stands at around BB-.

Operational considerations

The three ETFs are domiciled in Ireland (Xtrackers (IE) plc) and listed on the LSE. The choice of hedged classes responds to demand from institutional and retail investors for global bond exposure with currency risk mitigation, against a backdrop of currency market volatility and expectations regarding interest rates set by major central banks. The costs (TER 0.10% for corporate bonds and 0.20% for high-yield bonds) are at the lower end of the market for passive index-tracking products based on global bond indices.

Source: ETFWorld.co.uk