Deutsche Asset & Wealth Management (DeAWM) has released db X-trackers Solactive Investment Grade Subordinated Debt Fund (SUBD), an ETF that offers investors exposure to various investment opportunities.
Claimed to be the first-of-its kind, the US listed ETF tracks a subordinated debt index that provides investors’ uncomplicated access to investment-grade subordinated bonds, which have the potential to produce higher yields.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The asset manager said that the higher yields are produced by the subordinated nature of the bonds rather than by using junk bonds.
Deutsche Asset & Wealth Management passive asset management Americas head Fiona Bassett said, "Our goal for the db X-trackers suite of products has always been to offer investors the means to easily gain exposure to various investment opportunities."
Designed to deliver higher yields through bonds of investment-grade companies, the SUBD tracks the Solactive Subordinated Bond Index, a rules-based, market value-weighted index, which comprises of 137 constituents representing nearly 70 parent companies with $169bn total amount outstanding, as of 30 April 2014.
Deutsche Asset & Wealth Management’s US exchange traded products (ETP) platform encompases 64 ETPs, with nearly $11bn in assets under management.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
