db x-trackers Launches First Hedge Fund ETF
Thursday, March 12, 2009 : PermalinkIndexUniverse.com – Two new db x-trackers ETFs were admitted to trading on the Deutsche Boerse Xetra platform on Wednesday, one tracking a Deutsche Bank hedge fund index, and the other tracking the Russell 2000 Index.
The db x-trackers db Hedge Fund Index ETF (ISIN: LU0328476337) tracks the performance of the db Hedge Fund Index. The index captures five different core hedge fund strategies, as represented by the dbX-Tactical Hedge Fund ("THF") Index family, all proprietary Deutsche Bank indices. The five core hedge fund strategies are equity hedge, market-neutral, systematic macro, event-driven, and credit and convertible. The Index is systematically rebalanced quarterly. Allocations to each of the underlying THF Indices will be made on a non-discretionary basis, to reflect distributions of assets by strategy across the hedge fund industry, and mapped to a well recognised third party industry benchmark index.
Tags: assets, benchmark index, db x, deutsche bank, deutsche boerse, discretionary basis, distributions, equity hedge, etfs, hedge fund strategies, hedge-fund-index, index family, indexuniverse, industry benchmark, quarterly allocations, russell 2000 index, third-party, trackers, xetra
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