EUROPE - The first hedge fund exchange-traded fund (ETF) has been launched into the market, by db x-trackers, the ETF arm of Deutsche Bank. The ETF is listed on Deutsche Börse's XTF segment.
The index is tracked via a hedged portfolio with a one-month term in euros through futures contracts and is designed to chart the bundled performance based on the weightings of the different index components.
The following sub-indices are also included in the index: dbX-THF Equity Hedge index; dbX-THF Event Driven index; dbX-THF Credit and Convertible Arbitrage index; the dbX-THF Systematic Marco index; and the dbX-THF Equity Market Neutral index.
The db x-trackers Russell 2000 ETF has also been unveiled on XTF, tracking the Russell 2000 index. The index is designed to generate exposure relating to the investible small cap segment of the US equities universe.