Db x-trackers launches euro sovereign bond ETFs

The Markit iBoxx Eur Sovereigns Eurozone Yield Plus Index ETF replicates the performance of euro-denominated government bonds, issued by the five highest-yielding countries within the eurozone. The highest yielding countries are determined by calculating the yield of a hypothetical bond, with a five-year maturity. The underlying index currently consists of bonds issued by Italy, Spain, Belgium, Portugal and Ireland. The index yields 3.98% and has a duration of 6.31 years. The iBoxx € Sovereigns eurozone AAA fund tracks the performance of eurozone government bonds which are triple-A...