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

'VTI,' Vanguard's U.S. total market fund, led inflows on Wednesday, July 1, as total U.S.-listed ETF assets climbed to $2.123 trillion.

A slew of iShares funds paced the firm's issuer-leading inflows on Wednesday, July 1, as total U.S.-listed ETF assets rose to $2.123 trillion.

ETF.COM ANALYST BLOGS

By Drew Voros

Why is putting a client’s interest first not the industry standard?

By Matt Hougan

Contrarian plays, bad investing and authenticity in social media dominated the day.

By Dave Nadig

While they bring added risk, they can bring added returns.

By Olly Ludwig

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

ETF INDUSTRY PERSPECTIVE

By Invesco PowerShares

Smart beta appears to be poised for further growth.

By Dorsey Wright & Associates LLC

So many sectors, how do you choose? A quick guide from Dorsey Wright.

By Nasdaq Global Indexes

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