IGVT will try to reflect the performance of the Barclays Global Aggregate Treasury ex USD Issuer Diversified Bond Index (USD Hedged), which is comprised of investment grade sovereign debt issued in developed and emerging markets denominated in the issuer’s own domestic currency. Specifically, sovereign bonds will be denominated in one of the following: Canadian dollar, Chilean peso, Mexican peso, euro, British pound, Swiss franc, Czech koruna, Danish krone, Israeli new shekel, Norwegian krone, Polish zloty, Russian ruble, Swedish krona, Turkish lira, South African rand, Japanese yen, Australian dollar, Hong Kong dollar, South Korean won, New Zealand dollar, Singapore dollar, Malaysian ringgit and Thai baht.
IFIX will try to reflect the performance of the Barclays Global Aggregate Corporate Ex USD Bond Index (USD Hedged), which is comprised of investment grade corporate debt issued in developed and emerging markets in the industrial, utility and financial sectors. Bonds will be denominated in one of the following: Canadian dollar, euro, British pound, Swiss franc, Czech koruna, Danish krone, Norwegian krone, Polish zloty, Swedish krona, South African rand, Japanese yen, Australian dollar, Hong Kong dollar, South Korean won, New Zealand dollar, Singapore dollar, Malaysian ringgit and Thai baht.
SEE MORE: Bond ETF Investors: Don’t Give Up Yields if Rates Rise
Deutsche Asset Wealth is also lowering the management fee on two of its interest rate hedged ETFs ahead of potential Federal Reserve monetary policy changes. The Deutsche X-trackers High Yield Corporate Bond – Interest Rate Hedged ETF (BATS: HYIH) will have a 0.35% expense ratio and the Deutsche X-trackers Emerging Markets Bond – Interest Rate Hedged ETF (BATS: EMIH) will have a 0.45% expense ratio.
Moreover, according to the prospectus sheet, the ETF provider is working on the Deutsche X-trackers Barclays International High Yield Bond Hedged ETF (BATS: IHIY).
For more information on new fund products, visit our new ETFs category.