Deutsche Files For Utilities Equities ETF

By
January 31, 2013
Share:

Related ETFs

Ticker Fund name
XLUUtilities Select SPDR
Related ETF Lists
Utilities ETFs

 

 

Deutsche Bank jumps into the wonderful world of yield-rich ETFs focused on utilities.

Deutsche Bank filed regulatory paperwork to bring to market a plain-vanilla equities fund, putting the Germany-based bank’s U.S. ETF unit in the middle of a vibrant pocket of the fund industry populated by the likes of the $5.3 billion Utilities Select Sector SPDR Fund (NYSEArca: XLU).

Deutsche Bank didn’t say in the filing how much the db-X Regulated Utilities Index Fund would cost or what its ticker would be. But it did say the ETF will have its primary listing on Arca, the New York Stock Exchange’s electronic platform, and also that it will be based on the DBIQ Regulated Utility Index.

The passively invested fund will seek to hold at least 80 percent of its assets in securities from that index.

In order to be considered a so-called regulated utility that qualifies for the index, a given company’s earnings before interest, taxes, depreciation and amortization (EBITDA) must be made up of no more than 25 percent non- or unregulated utilities.

Deutsche Bank currently has 10 ETFs under its db-X brand—five target-date funds and five currency-hedged. This 11th fund will be the first sector fund under the db-X brand.

 

 

ETF.COM CHANNELS

Want to learn more about smart-beta ETFs? Check out our smart-beta guide, essentials library and ETF screener!

ETF DAILY DATA

U.S. and international equity funds led net inflows of $5.15 billion on Thursday, May 28, bringing total U.S.-listed ETF assets to $2.165 trillion.

'SPY,' 'XLF' and 'XLV' paced SSgA's issuer-leading inflows on Thursday, May 28, as total U.S.-listed ETF assets rose to $2.165 trillion.

ETF.COM ANALYST BLOGS

By Olly Ludwig

The ETF world is a hotbed of interesting new ideas, as this week’s launches make clear.

By Olly Ludwig

Yields will one day head higher, so is it time to get bond exposure outside the U.S.?

By Rachael Revesz

Stop dancing around the subject, call women ‘women’ and let’s be a more visible part of this industry.

By Olly Ludwig

It’s no secret that hedge funds love ETFs, but what’s less appreciated is that their love of ETFs will likely spell their demise.

ETF INDUSTRY PERSPECTIVE

By Nasdaq Global Indexes

Bond exposure or bond performance? Only defined maturity indexes provide the latter.

By Invesco PowerShares

Invesco PowerShares and Market Strategies International’s second annual survey provides vital insights about smart beta and ETFs overall.

By Invesco PowerShares

Investors are implementing smart-beta exchange-traded funds (ETFs) in their portfolios in a variety of ways and for different reasons.