Db x-trackers launches Japan index ETF

Db x-trackers has launched two new ETFs that track either the MSCI Japan or S&P 500 indices.

Db x-trackers launches Japan index ETF

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They are both listed on the London Stock Exchange.

Manooj Mistry, head of db X-trackers for the UK, commented: “UK investors seeking equity exposure to Japan or the US often simply accept implicit foreign exchange risk because the indices are listed in US dollars.

“With these new ETFs investors get an automatic in-built hedge that aims to minimise the impact of currency movements on their equity investment.”

The total expense ratio is 0.6% and 0.3% respectively.

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