DWS Xtrackers has listed two new Exchange Traded Fund (ETF) to the LSE (London Stock Exchange)
By ETFWorld.co.uk
Xtrackers MSCI World Swap UCITS ETF
Share class: 1D, ISIN: LU2263803533, Security code: DBX0RG, Currency: USD
Objectives and investment policy
The fund is passively managed. The aim is for your investment to reflect the performance of the MSCI Total Return Net World Index which is designed to reflect the performance of the listed shares of certain companies from various developed countries. The companies making up the index are large and medium sized companies based on the combined value of a company’s readily available shares as compared to other companies. A company’s weighting in the index depends on its relative size. The index is calculated on a total return net basis which means that all dividends and distributions by the companies are reinvested in the shares after tax. The index is reviewed and rebalanced at least quarterly.
To achieve the aim, the fund will buy shares and/or invest in cash deposits and enter into financial contracts (derivatives) with one or more swap counterparties relating to the shares and the index, in order to obtain the return on the index. The currency of the fund is USD. The fund distributes up to four times per annum.
| Product Name | Xtrackers MSCI World Swap UCITS ETF |
| ISIN | LU2263803533 |
| SEDOL | BM9S600 |
| Currency | USD |
| Underlying | MSCI Total Return Net World Index |
| Management Fee | 0.19% |
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, while seeking to minimise foreign currency fluctuations at share class level. The index is based on the Bloomberg US Corporate High Yield Index (Parent Index), which reflects the performance of high-yielding fixed-interest tradable debt (bonds) denominated in US Dollar. 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 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 i) attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determined by DWS entities, in order to obtain the return on the index, and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the fund’s assets and the currency of your shares.
The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of financial contracts (derivatives). The fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the fund. The currency of the fund is USD. The fund distributes up to four times per annum.
| Product Name | Xtrackers USD High Yield Corporate Bond UCITS ETF |
| ISIN | IE00BG04LV15 |
| SEDOL | BG04LV1 |
| Currency | GBP |
| Underlying | Bloomberg US High Yield Very Liquid Index ex 144A |
| Management Fee | 0.25% |
Source: ETFWorld.co.uk
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