Exchange-traded funds to launch on iTraxx

Two new exchange-traded fund (ETF) products based on the iTraxx indices are being prepared for launch. Deutsche Bank is developing one of the new ETFs; the other is from EasyETF, a joint venture by BNP Paribas and Axa Investment Managers.

The funds are intended to broaden access to the growing European credit derivatives market and will look to capitalise on demand from less traditional credit derivatives investors. The funds will target insurance companies, asset managers and corporates as

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