Db x-trackers II launches liquidity ETFs in USD and GBP

Borsa Italiana welcomes "DB X-TRACKERS II FED FUNDS EFFECTIVE RATE TRI ETF" and "DB X-TRACKERS II SONIA TOTAL RETURN INDEX ETF", two new ETFs listed on the Open-end Index Funds - class 1 segment of ETFplus market issued by db x-trackers II (Deutsche Bank group)..

The investment target of the above mentioned ETFs is to mirror the performance of their benchmark indices:

FED FUNDS EFFECTIVE RATE TOTAL RETURN INDEX: the index measures the total return of a rolling deposit in the fed funds. This index is published using the Fed Funds Effective Rates, calculated by the Federal Reserve Bank of New York as the weighted average of all fed funds overnight transactions arranged by major brokers. It's a total return index.

SONIA TOTAL RETURN INDEX: the index measures the total return of a rolling deposit in the overnight sterling market. This index is published using the Sterling Overnight Interbank Average, calculated by the Wholesale Markets Brokers' Association (WMBA)as the weighted average of all unsecured sterling overnight  cash transactions brokered in London by WMBA member firms between midnight and 4.15 pm with all counterparties in a minimum deal size of 25£ million.
It's a total return index.

 The Total Expense Ratio (TER) of both the two ETFs is equal to 0,15%.

Please download the relevant public notice: VIEW PDF