Deutsche Bank to Offer Physical-Replication ETFs
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Deutsche Bank AG will follow Societe Generale SA in offering exchange-traded funds backed by bonds and shares amid concern over the use of derivatives to track the performance of underlying indexes.
The Frankfurt-based bank’s DB X-Trackers unit, Europe’s second-largest ETF manager, will, as of next month, sell ETFs on a number of benchmark equity indexes, joining existing swap-based products, the company said in a statement today. SocGen’s Lyxor Asset Management said in September it will offer funds that buy physical assets.