On May 1, Deutsche Asset & Wealth Management launched the db X-trackers Solactive Investment Grade Subordinated Debt Fund (NYSEArca: SUBD), which provides exposure to the dollar-denominated investment-grade subordinated corporate bond market. The ETF has a 0.45% expense ratio, a 7.07 year modified duration to worst and a 4.1% yield to worst. SUBD has $10.1 million in assets. Investors interested in the ETF should use limit orders to better control their trades. [Deutsche Launches Subordinated Corporate Bond ETF]
db X-trackers Solactive Investment Grade Subordinated Debt Fund
For more information on the bond market, visit our bond ETFs category.
Max Chen contributed to this article.