DB X-TRACKERS LAUNCHES SHORT EM ETF
Deutsche Bank’s exchange-traded fund (ETF) platform, db x-trackers, has today launched Europe’s first ETF that gives automatic short exposure to emerging markets (EM). The ETF provides investors with the daily inverse performance of the MSCI Emerging Markets Index. It is designed for active, short-term traders and is listed on the London Stock Exchange. The ETF trades in dollar and sterling and has a total expense ratio (TER) of 0.95 per cent.
BASIC RESOURCES ETFS SUFFER OUTFLOWS
BlackRock’s ETF landscape report has found that there were $120m net outflows in STOXX Europe 600 sector ETFs in 2010. Of those, $223.3m were from the basic resources sector, followed by food and beverage at $179.2m. Personal and household goods, however, experienced the largest net inflows at $122.7m. Last week saw $9.5bn of assets under management (AUM) invested in the STOXX sector ETFs, which is more than double the $3.8bn open interest in the sector futures.