As of November 10, 2016, db x-trackers - MSCI EM Consumer Discretionary Index UCITS ETF has gone out of business. db x-trackers - MSCI EM Consumer Discretionary Index UCITS ETF is an exchange-traded fund launched by Deutsche Asset Management S.A. It is managed by State Street Global Advisors Limited. The fund invests in the public equity markets of emerging countries across the globe. It uses derivatives such as swap agreements to invest in the stocks of companies operating in the consumer discretionary sector, which include the companies that provide non-essential goods or services. The fund invests in the stocks of large-cap and mid-cap companies. It seeks to replicate the performance of the MSCI EMERGING MARKETS CONSUMER DISCRETIONARY TRN INDEX, by employing synthetic replication methodology. The fund was formerly known as db x-trackers - MSCI Emerging Markets Consumer Discretionary TRN Index ETF. db x-trackers - MSCI EM Consumer Discretionary Index UCITS ETF was formed on May 9, 2011 and is domiciled in Luxembourg.