db x-trackers launches emerging market sector ETFs

4 Jul 2011 | News - Comment now

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db x-trackers launches emerging market sector ETFs

Exchange-traded funds (ETF) provider db X-trackers has added to its range of index trackers with new sector products based on emerging market MSCI indices.

The new products - listed on the London Stock Exchange - will track the performance of sectors across 23 emerging market economies.

The synthetic replication products will allow 'efficient tracking' and will be be 100 per cent collateralised to reduce counterparty exposure.

The range includes consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telcommunications services, utilities ETFs.

Manooj Mistry, head of db X-trackers in the UK, said synthetic replication would benefit investors, as the markets they track can be difficult to access and volatile.

He said: 'We have carefully put together our products to give investors the choice of accessing the emerging markets not just with effective tracking but also industry-leading standards of 100 per cent transparency on the collateral, swaps and counterparty.'

The provider has also launched products tracking the MSCI Africa Top 50 Capped, EFM, Eastern Europe 10/40 and Chile indices.

Each carries a 0.65 per cent total expense ratio (TER) and is denominated in US dollars.

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Related topics: Emerging markets ETFs, Exchange-traded funds, MSCI

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