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LONDON - Xtrackers II, an investment company with variable capital based in Luxembourg, has announced significant changes to its USD Emerging Markets Bond UCITS ETF, which will take effect on June 2, 2025. The board of directors has resolved to alter the fund’s reference index and index administrator, as well as rename the sub-fund to better reflect its new investment objective.
Currently, the sub-fund tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select Index, which is managed by FTSE Fixed Income LLC. However, starting from the effective date, the sub-fund will aim to mirror the performance of the J.P. Morgan Emerging Markets Bond Index Global Diversified 1Bn Country. This new reference index, administered by J.P. Morgan Securities LLC, is designed to represent US Dollar denominated, emerging market fixed and floating-rate debt instruments issued by sovereign and quasi-sovereign entities.
In conjunction with these changes, the sub-fund will undergo a name change from Xtrackers II USD Emerging Markets Bond UCITS ETF to Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF. This decision is part of the company’s ongoing review of its product offerings and is deemed by the board to be in the best interest of the shareholders.
Shareholders who are not in agreement with the upcoming changes have the option to redeem their shares free of any redemption charge until the last transaction day before the effective date. The company has stated that transaction costs and duties arising from these changes are expected to be minimal, but they will be borne by the sub-fund.
The revised prospectus and key information documents reflecting these changes will be available on the Xtrackers website on or around the effective date, and can also be obtained free of charge at the company’s registered office or through its foreign representatives.
The information regarding these changes is based on a press release statement from Xtrackers II. Shareholders seeking further details or clarification are advised to consult with their financial advisors or reach out to the company directly.
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