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LONDON - Xtrackers II, an investment company with variable capital based in Luxembourg, has announced that it will implement significant changes to its USD Emerging Markets Bond UCITS ETF. The modifications, which include an update to the fund’s reference index and a name change, are set to take effect on June 2, 2025.
The current reference index for the ETF, the FTSE Emerging Markets USD Government and Government-Related Bond Select Index, will be replaced with the J.P. Morgan Emerging Markets Bond Index Global Diversified 1Bn Country. This shift is intended to better reflect the performance of US Dollar-denominated, emerging market fixed and floating-rate debt instruments issued by sovereign and quasi-sovereign entities. The new index will be administered by J.P. Morgan Securities LLC.
In conjunction with the index update, the 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.
The board of directors at Xtrackers II has determined that these changes are in the best interest of the shareholders following a thorough review of the company’s product offerings. Shareholders have been advised that although transaction costs and duties associated with the changes are expected to be minimal, they may still occur and will be borne by the Sub-Fund.
Investors who are not in agreement with the upcoming changes have the option to redeem their shares without any redemption charge until the last transaction day before the effective date, which is 3:30 p.m. (Luxembourg time) on June 2, 2025. The company has clarified that it does not charge a redemption fee for sales of shares on the secondary market, but investors should be aware that secondary market orders may incur costs beyond the company’s control.
Updated documentation, including the revised prospectus and key information documents reflecting the changes, will be available on the Xtrackers website around the effective date. Shareholders seeking further information or clarity on the changes are encouraged to consult with their financial advisors or contact the company directly.
This announcement is based on a press release statement from Xtrackers II.
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