Deutsche Bank launches sterling hedged ETCs

The firm says its db Physical Gold GBP Hedged ETC is the first of its kind and that commodities are generally priced in US dollars on the international markets. Db x-ETC UK head Manooj Mistry says: "British pound hedged versions of some of the most popular db ETCs will let sterling-denominated investors participate in the commodity markets while minimising the impact of exchange rate risks on performance." The move comes after db x-ETC's euro hedged products began listing last year. Deutsche Bank says its db Physical Gold Euro Hedged ETC has generated more than €580m since its launch ...