DEUTSCHE Bank has become the first company to list two ETFs linked to money market rates on the London Stock Exchange (LSE).
The vehicles reflect the British and US short-term money market reference interest rates, with the db x-trackers Sterling Money Market ETF reflecting the Sterling Overnight Index Average rate (SONIA) and the db x-trackers US Dollar Money Market ETF linked to the Fed Funds Effective Rate. Deutsche Bank said ETFs based on money markets are popular among private investors because of their safe structure, high flexibility and low costs. Michele Faissola, head of global rates at Deutsche Bank, said: "The structure of our money market ETFs is extremely safe. "This has been clearly demonstra...
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