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Investment Banking & Investment Services
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ETF
Xtrackers II - iTraxx Europe Swap UCITS ETF is an exchange traded fund launched by Deutsche Asset & Wealth Management Investment S.A. The fund is managed by State Street Global Advisors Limited. It invests in the fixed income markets of Europe. The fund uses derivatives such as swaps to invest in on-the-run iTraxx Europe credit derivative transaction with a tenor of five years. It invests in investment grade securities that are rated as BBB- and above by S&P and Fitch and Baa3 and above by Moody’s. The fund seeks to replicate the performance of the Markit iTraxx Europe 5-year Total Return Index, by employing synthetic replication methodology. It was formerly known as db x-trackers II - iTraxx Europe UCITS ETF. Xtrackers II - iTraxx Europe Swap UCITS ETF was formed on July 16, 2007 and is domiciled in Luxembourg.
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