Deutsche Bank has launched an ETF providing the daily inverse performance of the Hang Seng index (HSI), a benchmark for the Hong Kong stock market.
The bank claims the db x-trackers HSI Short Daily Index ETF is the first fund to provide European investors with daily short exposure to an Asian stock market. The HSI Short Daily Index ETF, listed on the London Stock Exchange, has an all-in fee of 0.75%. In addition, four new ETF funds tracking short daily European sector indices have also been added to the existing range of five that were launched last year. Basic resources, industrial goods, insurance and utilities can now be shorted through the new funds. The db x-trackers ETFs on short daily indices have accumulated assets ...
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