First hedge fund ETF unveiled on Deutsche Börse

The first hedge fund exchange-traded fund (ETF) has been launched into the market, by db x-trackers, the ETF arm of Deutsche Bank. The ETF is listed on Deutsche Börse's XTF segment. The db x-trackers db Hedge Fund Index ETF tracks the performance of the db Hedge Fund index, which consists of various hedge fund strategies and can function as a fund of funds substitute. The index is tracked via a hedged portfolio with a one-month term in euros through futures contracts and is designed to chart the bundled performance based on the weightings of the different index components. The followi...