db x-trackers launches short Hong Kong stock index ETF

The firm's ETF arm, db x-trackers, has introduced the product to provide European investors with short exposure to Hong Kong's Hang Seng index.

The HSI Short Daily Index ETF, listed on the London Stock Exchange, has an all-in fee of 0.75%.

In addition, four new ETF funds tracking short daily European sector indices have also been added to the existing range of five, which were launched last year.

Basic resources, industrial goods, insurance and utilities can now be shorted through the new funds.

The ETFs on short daily indices offered by db x-trackers' have accumulated assets of more than €2bn.

"We are excited about the opportunities these products provide, and believe investors will find them useful as short term portfolio trading tools through which they can react to market fluctuations in real time," head of db x-trackers UK Manooj Mistry says.

Categories: Investment

Tags: Hong kong | Deutsche bank | Db x-trackers

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