New DWS Xtrackers ETF offers long US Treasury bond exposure
Ultra-short duration risk
DWS XTrackers has launched an ETF that seeks to provide ultra-short duration exposure to the US Treasuries market.
The Xtrackers US Treasuries Ultrashort Bond UCITS ETF, which has an annual all-in fee of 0.07%, provides US dollar short-duration exposure and has listed on the London Stock Exchange and Germany's Xetra stock exchange.
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DWS said its new ETF tracks the FTSE US Treasury Short Duration index, which references 67 fixed rate and floating rate US Treasury securities and T-Bills and has a yield-to-maturity of 0.12%.
Olivier Souliac, head of passive index strategy and analytics at DWS, said: "We aim to offer our clients a full range of fixed income exposures to meet all their asset allocation needs.
"This new ETF, which provides long US Treasury bond exposure but with ultra-short duration risk, provides investors with a low interest rate risk but improved yield alternative to cash."
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