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Eleven new db x-trackers, Deutsche Bank exchange-traded funds, have been tradable in the XTF segment since Thursday. Eight of the funds are based on the total return benchmarks of the iBoxx Euro Sovereigns indices family with varying maturities, two funds are based on the inflation-hedged iBoxx Total Return Indices and one on the EONIA (Euro Overnight Index Average) Total Return Index.
The iBoxx indices track the European bond markets and comprise the average prices of eleven internationally active bond trading houses. The bond prices are delivered in real time by ABN AMRO, Barclays Capital, BNP Paribas, Deutsche Bank, Dresdner Kleinwort Wasserstein, Morgan Stanley, JPMorgan, HSBC, RBS, Goldman Sachs and UBS Warburg. As an independent index provider, Deutsche Börse consolidates the prices, and calculates and disseminates the indices.
The db x-trackers II EONIA TR index ETF participates in the performance of the underlying EONIA Total Return Index , making it the first ETF on the money market. The index represents a daily rolled deposit at the EONIA rate. This is an effective overnight rate determined by the European Central Bank, which is calculated as a weighted average of all overnight unsecured lending transactions in the interbank market.
