Deutsche Asset Management has created a range of low-cost core fixed income exchange-traded funds (ETFs) to complement its efforts in the equity market, the German investment firm has announced.
The new line of db x-trackers will use direct physical replication of eurozone and US government bond markets, as well as euro and US dollar corporate bond markets and the euro-denominated high yield corporate bond market.
This new range of five Ucits-compliant funds is designed to complement the asset manager’s work on ETFs in the core equity markets, which had a similar suite of funds launched through the db x-trackers platform in 2014.
‘The inclusion of a range of physical replication fixed income ETFs into the db x-trackers Core range helps give investors the exposure they need to create efficient, long-term core holdings in their portfolios,’ a spokesperson said.
The funds in full are:
- db x-trackers II Eurozone Government Bond Ucits ETF
- db x-tracers II EUR Corporate Bond Ucits ETF
- db x-tracers II iBoxx $ Treasuries Ucits ETF
- db x-tracers II Barclays USD Corporate Bond Ucits ETF
- db x-tracers II EUR High Yield Corporate Bond Ucits ETF
In establishing the fixed income Core range, the db x-trackers II EUR Corporate Bond UCITS ETF and the db x-trackers Barclays USD Corporate Bond UCITS ETF have had their annual all-in fees reduced from 0.2% per year to 0.16% per year.