Deutsche lists short term high yield bond ETF in the US
Deutsche Bank is expanding its junk bond ETF offering, listing a new fund that tracks only junk bonds with short maturities, the Deutsche X-trackers Short Duration High Yield Bond ETF (SHYL).
SHYL will use representative sampling to track the Solactive USD High Yield Corporates Total Market Index. Deutsche already has an ETF that tracks this index, the Xtrackers USD High Yield Corporate Bond ETF (HYLB), which is the cheapest of any kind of junk bond ETF in the US. What makes SHYL different despite tracking the same index is that it selects only short-term bonds. SHYL’s prospectus defines short-term as anything less than five years.
Germany and Italy
Amundi brings market neutral ETF to Italy and Germany
Amundi is bringing its market neutral ETF over to Germany and Italy, having proved popular in Paris where it was first listed.
The Amundi iSTOXX Europe Multi-Factor Market Neutral UCITS ETF (MKTN:IM, SMRN:GR) was the first European ETF to use a market neutral strategy, which is an investment style usually reserved for hedge funds. It involves both investing long and shorting similar stocks in order for a fund to reap the gains of a long position while protecting itself if the market falls.
Amundi and Lyxor appear to be cross listing a score of new products into London. They are:
Lyxor Ibex 35 (DR) UCITS ETF
Amundi ETF Govt Bond Lowest Rated EuroMTS Investment Grade UCITS ETF
Amundi ETF Global Emerging Bond Markit iBoxx UCITS ETF
Lyxor Daily Double Short BTP UCITS ETF
Lyxor Ibex 35 Daily Double Inverse UCITS ETF
Lyxor Ibex 35 Doble Apalancado Diario UCITS ETF
Amundi ETF Russell 2000 UCITS ETF
Lyxor FTSE Italia Mid Cap PIR (DR) UCITS ETF
Amundi ETF Floating Rate Euro Corporate 1-3 UCITS ETF
Lyxor Barclays Floating Rate Euro 0-7Y UCITS ETF C-EUR
Amundi ETF Floating Rate USD Corporate UCITS ETF
Lyxor Stoxx Europe Select Dividend 30 UCITS ETF
Lyxor FTSE MIB Daily Leveraged UCITS ETF
Lyxor FTSE MIB Daily Double Short (XBear) UCITS ETF
Amundi ETF Euro Corporates UCITS ETF
Amundi ETF Cash 3 Months Euro MTS Investment Grade UCITS ETF
Amundi ETF Leveraged MSCI USA Daily UCITS ETF