Deutsche Bank launches first short sector ETFs

Db x-trackers, the Exchange Traded Fund (ETF) arm of Deutsche Bank, has launched the first ETFs on short sector indexes in Europe. The five ETFs are linked to the Dow Jones Stoxx 600 short sector indexes and offer short or inverse exposure to European banks, oil and gas, healthcare, technology and telecommunications sectors.

“Since we launched the first ETFs on short indexes in Europe last year we have seen strong interest from both retail and institutional investors,” says Thorsten Michalik, head of db x-trackers at Deutsche Bank. “These ETFs provide investors with a tool to take advantage of falling markets without having to use derivatives. The launch of the short sector ETFs now allows investors to go over or underweight sectors within their portfolios in an easy and cost efficient way.”

The new ETFs, which are