db x-trackers launches credit ETFs

Deutsche Bank’s db x-tracker platform for exchange traded funds (ETFs) has announced the launch listing four long and short Markit iTraxx Europe Financials indices-based ETFs. The four new UCITS III compliant EFTs are based on credit indices developed by Markit and listed on the Deutsche Bourse. They allow clients to buy and sell credit protection on senior and subordinated financial debt in an ETF format for the first time, sidestepping the need to enter into derivatives contracts. Thorsten Michalik, head of db x-trackers, said: “The listing of the first long and short financials se...