Deutsche Bank is the latest entrant to the growing market for European credit index-linked investment products.
Following the launch in March of JPMorgan’s Jeci instrument and Morgan Stanley’s Euro Tracers, Deutsche has unveiled its own innovation – the Xavex Dynamic Bond Portfolio Fund.
The exchange-traded fund, which has a five-and-a-half-year life and is initially being marketed to German private investors, is the first product of its kind to be based on the indices of the iBoxx consortium.
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