Deutsche unveils currency ETFs in London

The ETFs track the DB Currency Returns (DBCR) index, which equally weights three currency trading strategies: currency, momentum and valuation. These strategies take long and short positions in the G10 currencies, determined by a rules-based process, with regular rebalancing of the components. Head of db x-trackers UK Manooj Mistry says these funds are ideal for allocating assets to investments that show low or negative correlation with equity and bond markets, while providing an additional way to achieve alpha in a low-growth environment. The DBCR index, launched in 2007, was desi...