db x-trackers Launches First Hedge Fund ETF

IndexUniverse.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.

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