Deutsche Bank launches ETF of hedge funds
LONDON - Deutsche Bank has launched an exchange-traded fund (ETF) giving investors access to hedge funds based on its managed account platform.
The product's release, which has been delayed since January, heralds the first time a direct investment in hedge funds has been made available to investors in ETF format.
The fund tracks the bank's DB Hedge Fund Index, which reflects the performance of a number of hedge fund strategies on a three-day time delay. The strategies are weighted in accordance
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