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Investment Banking & Investment Services
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Xtrackers II - USD Overnight Rate Swap UCITS ETF is an exchange traded fund launched by Deutsche Asset Management S.A. The fund is managed by State Street Global Advisors Limited. It invests in the fixed income markets of the United States. The fund uses derivatives such as swap agreements to invest in money market securities. It invests in the short term federal funds effective rate, with the deposit earning rolled daily. The fund seeks to replicate the performance of the Fed Funds Effective Rate Total Return Index, by employing synthetic replication methodology. It was formerly known as Xtrackers - USD Cash Swap UCITS ETF. Xtrackers II - USD Overnight Rate Swap UCITS ETF was formed on April 9, 2008 and is domiciled in Luxembourg
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