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Deutsche AM unveils US HY corporate bond ETF

Deutsche AM unveils US HY corporate bond ETF

Deustche Asset Management has expanded its x-trackers range with the launch of a US dollar high yield corporate bond ETF.

The new fund, formally called the db x-trackers USD High Yield Corporate Bond Ucits ETF, was officially launched on 9 February.

It tracks an index from the Bloomberg Barclays High Yield Very Liquid Bond Index family, which consists of approximately 640 sub-investment grade bonds.

Commenting on the launch, Deutsche AM said investors are looking for higher-yielding bond exposures, while also monitoring interest rate sensitivity.

Blanca Koenig, Deutsche AM fixed income ETF strategist, said: ‘The ETF complements the existing x-trackers EUR high yield offering, as well as the existing USD bond ETF, providing exposure to Treasuries, investment grade corporates and USD emerging market bonds.’

This is the latest in the range of more than 50 fixed income ETFs, of which around two thirds use direct, physical replication. The ETF has an All-in Fee of 0.35% per annum and uses its direct, physical replication aspect to track its index.

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