Db x-trackers expands hedge fund ETF offering

The fund, trading on the London Stock Exchange at an annual total expense ratio of 0.9%, supplements the company's db Hedge Fund Index ETF, which launched two years ago linked to the performance of six core hedge fund strategies.  The Equity Strategies ETF replicates the performance of hedge funds engaged in long-short strategies, where managers hold long positions in equities they expect to rise in value and go short where they expect stocks to fall. The ETF also includes equity market neutral funds, which combine long and short positions to make up an overall market neutral portfolio....