MTS, Europe’s premier facilitator for the electronic fixed income market, today announced that it has licensed its benchmark Italian government bond indices to db X-trackers, Deutsche Bank’s exchange traded fund (ETF) platform.
The db X-trackers ETFs will be based on three MTS Italy ex-Bank of Italy Indices, including the MTS Italy BTP ex-Bank of Italy Index, the MTS Italy BOT ex-Bank of Italy Index and the MTS Italy Aggregate ex-Bank of Italy Index.
These indices are widely considered the best-in-class benchmark for the Italian fixed income market, ensuring the highest level of investor confidence. They are calculated using the accurate and proven EuroMTS index algorithm, which is available free of charge on the MTS website, allowing db X-trackers customers to monitor the performance of their investment in real-time.
Mauro Giangrande, Head of Financial Products for Italy at db X-trackers said: “Deutsche Bank continues to lead the way in the fast-evolving ETF market by offering the most appropriate instruments to meet investor demand. These new ETFs offer investors direct, efficient and low-cost access to the Italian debt market using the MTS Italy indices, the most representative benchmarks for this market.”
Jack Jeffery, CEO of MTS, said: “The launch of these new instruments by one of Europe’s top ETF providers is further recognition of the benchmark status and high quality that the EuroMTS index family delivers. Deutsche Bank’s expertise in the ETF market and our commitment to provide the most transparent and reliable benchmark will guarantee the popularity of these new products amongst investors.”
