Deutsche Bank has unveiled a new hedge fund exchange-traded fund (ETF), Financial Times reports. The db x-trackers db Strategies Hedge Fund Index ETF will offer access to equity long-short and equity market neutral hedge fund strategies to its investors.
The fund will track the performance of 17 hedge funds, managed by 13 managers, including GLG, Marshall Wace, Duet, Pilgrim and BlackRock. The new vehicle is a Ucits III compliant fund, which invests directly with hedge fund managers.
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