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Deutsche launches ‘unprecedented’ global bond ETF

by Robert St George on Mar 28, 2014 at 10:55

Deutsche launches ‘unprecedented’ global bond ETF

Deutsche Asset & Wealth Management has launch a new exchange-traded fund (ETF) that will track global bond markets.

The db x-trackers II Barclays Global Aggregate Bond Index Ucits ETF will follow the Barclays Global Aggregate Bond index, which is comprised of over 15,000 underlying securities across 70 countries spanning investment grade government, corporate, asset-backed and mortgage-backed bonds.

Over the past year the index has returned 2.2%.

‘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,’ said Arne Noack, Deutsche’s head of exchange-traded product development for Europe, the Middle East and Africa.

The ETF has a total expense ratio of 0.3%, and is available in unhedged share classes or hedged to the US dollar, euro or Swiss franc.

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