Fri, 28/03/2014 - 12:02
Exposure to the world’s bond market is now available via an exchange-traded fund following the launch of Deutsche Asset & Wealth Management’s (DeAWM) first ever ETF on the Barclays Global Aggregate Bond Index.
The db x-trackers II Barclays Global Aggregate Bond Index UCITS ETF opened for trading on the Deutsche Börse this morning.
It provides exposure to over 15,000 underlying securities and is the first ETF to encapsulate exposure to the world’s investment grade fixed income market, tracking the global market for government, governmental, supranational, corporate, asset-backed and mortgage-backed securities across the full spectrum of maturities and the BBB to AAA credit rating range.
It will be available in unhedged, USD-hedged, EUR-hedged and CHF-hedged share classes.
Arne Noack, DeAWM’s head of exchange-traded product development, EMEA, says: “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.”
The Barclays Global Aggregate Bond Index provides exposure to bonds from over 70 countries with an average credit rating of AA.
Simon Klein, DeAWM’s head of exchange-traded product sales, EMEA and Asia, says: “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 db x-trackers II Barclays Global Aggregate Bond Index UCITS ETF has an All-in Fee (TER) of 0.3 per cent per annum.
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