04 May 2007, Mark Pengelly, Risk magazine
The Deutsche Bank products will be based on the iTraxx Europe, Crossover and HiVol indexes and listed on the London Stock Exchange, Euronext Paris, Deutsche Börse and Borsa Italiana. Meanwhile, the EasyETF products will comprise an iTraxx Europe fund run by BNP Paribas Asset Managers, and iTraxx HiVol and Crossover ETFs to be managed by Axa IM. They will be listed on Euronext Paris and Deutsche Börse.
Deutsche Bank anticipates regulatory approval for its funds by June, while BNP Paribas predicted its funds would trade from the third quarter of 2007.
More ETFs based on the IIC’s indexes may soon follow, as many other banks are understood to have approached it in pursuit of similar licenses.