Deutsche Bank launch money market ETFs

Deutsche Bank has launched two money market exchange-traded funds (ETFs) that aim to appeal both to buyers of money market funds and to users of traditional deposits. The db x-trackers sterling (XGBP) and dollar (XUSD) ETFs are listed on the London Stock Exchange and began trading towards the end of April. Deutsche Bank hopes the funds will mirror the success of its German-listed euro money market ETF, which took in over EUR1bn in its first 10 weeks of trading last summer. The funds track the overnight money market rates and have an annual management fee of 0.15%, giving a current net...