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Deutsche Asset & Wealth Management (DeAWM), the investment management division of Deutsche Bank, has launched an exchange-traded fund enabling investors to gain exposure the global bond market via a single ETF.
Listed on the Deutsche Börse, the db x-trackers II Barclays Global Aggregate Bond Index UCITS ETF is the first ever ETF to be linked to the Barclays Global Aggregate Bond Index, an index tracking the performance of more than 15,000 securities and encapsulating the world’s investment grade fixed income market.
The index includes government, municipal, supranational, corporate, asset-backed and mortgage-backed securities across the full spectrum of maturities and the BBB to AAA credit rating range from more than 70 countries around the world.
Arne Noack, DeAWM’s head of exchange-traded product development, EMEA, commented: “This is a significant achievement, not just for DeAWM but for the ETF industry as a whole. Providing exposure to such a vast range of fixed income securities in a single ETF with efficient tracking is an immense technical challenge, but it is a challenge that we have successfully met, allowing us to offer this unprecedented product.”
Simon Klein, DeAWM’s head of exchange-traded product sales, EMEA and Asia, added: “Not only is the Barclays Global Aggregate Bond Index the ‘go-to’ benchmark for many of our institutional investors in the fixed income space, but more importantly the availability of this new ETF places the world’s bond markets at the fingertips of virtually all investors, letting them trade global bond exposure with the usual transparency, liquidity and other benefits associated with ETFs.”
The ETF is available in unhedged, USD-hedged, EUR-hedged and CHF-hedged share classes and has an all-in fee, or total expense ratio, of 0.30% per annum.
db x-trackers II Barclays Global Aggregate Bond UCITS ETF 1C – Unhedged (XBAG)
db x-trackers II Barclays Global Aggregate Bond UCITS ETF 2C – USD hedged (XBAU)
db x-trackers II Barclays Global Aggregate Bond UCITS ETF 4C – CHF hedged (XBAC)
db x-trackers II Barclays Global Aggregate Bond UCITS ETF 5C – EUR hedged (XBAE)