db x-trackers II launches 2 new ETFs

Borsa Italiana welcomes on the ETFplus market the "db x-trackers II emerging markets liquid Eurobond index ETF" issued by the Luxembourg SICAV "Db x-trackers II" (Deutsche Bank AG group) and listed on the Open-end Index Funds - class 1 segment. It's the first ETF on government bonds of emerging countries.

The investment target of the new ETF is to mirror the performance its benchmark index, the "Deutsche Bank Emerging Markets Liquid Eurobond Euro Index" (EMLE), which reflects the composite total return performance of emerging market sovereign and quasi-sovereign debt instruments. Weighting takes into account not only the amount of outstanding principal of the available bonds, but also qualitative criteria such as the liquidity of the Eurobonds issued by the relevant issuer and the macroeconomic characteristics of the issuer or the country that guarantees its credit, the index is denominated in EUR and hedged, thus there aren't any currency risks.

The total expense ratio of the new ETF is equal to 0.55%.
Please download the relevant public notice VISUALIZZA PDF

Borsa Italiana also welcomes on the ETFplus market the "db x-trackers II short iboxx sovereigns Eurozone total return index ETF" issued by the Luxembourg SICAV "Db x-trackers II" (Deutsche Bank AG group) and listed on the Open-end structured Funds - class 1 segment. It's the first short ETF on Eurozone government bonds.

The investment target of the new ETF is to mirror the performance its benchmark index, the "short iboxx sovereigns Eurozone total return index", which is linked inversely to the movements of the "iboxx sovereigns Eurozone total return index". The Index replicates the performance of an investor with a short position on the "iboxx sovereigns Eurozone total return index" (the “Eurozone Sovereign Index”) that is rebalanced daily. On a daily basis, the performance of the Index is the negative performance of the Eurozone Sovereign Index plus a prorated portion of interest, based on the following two components 1) the EONIA rate, 2) a predefined Repo rate meaning the EONIA (Euro Overnight Index Average) rate minus 0.15% (which might be modified in the future by the index sponsor).

The total expense ratio of the new ETF is equal to 0.15%.
Please download the relevant public notice VISUALIZZA PDF