ETF offers access to the Australian dollar overnight rate for the first time…..…
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A new exchange traded fund issued by db X-trackers has been tradable in the XTF segment on Xetra since Friday.
ETF name: db X-trackers II Australian Dollar Cash UCITS ETF
Asset class: money market ETF
ISIN: LU0482518031
Total expense ratio: 0.20 percent
Distribution policy: non-distributing
Benchmark: Deutsche Bank Australia Overnight Money Market TRI
The new db X-trackers money market ETF gives investors access for the first time via an ETF to the Australian dollar overnight money market rate. The reference index is the daily money market reference interest rate, which represents the weighted average of interbank overnight rates.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,028 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €11 billion, makes Xetra Europe’s leading trading venue for ETFs.
Source: ETFWorld.co.uk
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