Deutsche Bank lists hedge fund and carbon ETFs on LSE

Deutsche Bank has listed its hedge fund exchange-traded fund on the London Stock Exchange. The listing of the Ucits III compliant ETF, based on the db Hedge Fund Index, which follows the launch of a euro-hedge version on the Xetra Frankfurt in March, is offered in a sterling and a US dollar hedged form. "Within four months the euro-hedged version of the hedge fund ETF raised assets of €205 million, attracting interest from a wide range of investors across Europe," says Deutsche in a release issued earlier today.

Each of the index strategies (equity hedge, market neutral, credit and convertible, systematic macro and event driven) is reflected by a sub-index which is represented in the main index according to recognised industry asset weightings.

The index is calculated on a total return basis and started on 31 December 2008. Both the sterling and US dollar ETF have an all-in fee of 90 basis points. "The structure of the hedge fund managed account platform means that all the funds in the ETF index are