New ETFs to launch on iTraxx

Two exchange-traded fund (ETF) products based on the iTraxx indices are preparing to launch. Deutsche Bank is developing one of the new ETFs; the other is being launched by 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 interest from less traditional credit derivatives investors.

Both Deutsche Bank and EasyETF pointed to insurance companies, asset manage

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