Deutsche Bank x-tracker will invert FTSE 100 return

Deutsche Bank's ETF arm db x-trackers has launched a short FTSE 100 tracker that offers opposite per...

Deutsche Bank's ETF arm db x-trackers has launched a short FTSE 100 tracker that offers opposite performance to the benchmark. The fund, which listed on the LSE today, also cushions downside when the FTSE 100 is rising, as it holds cash to generate interest. This is db x-trackers' fourth short index vehicle, following on from S&P 500, Dax and Eurostoxx 50 trackers. Group head of structuring Manooj Mistry said: "This is a good opportunity for the UK retail and institutional markets to take advantage of falling markets. "The funds are flexible and easy to trade, and compared to spread...