db x-trackers launches Pakistan and Bangladesh ETFs
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Deutsche Bank exchange traded-fund (ETF) platform db x-trackers has launched two funds tracking Pakistan and Bangladesh equity indices.
The db x-trackers MSCI Pakistan IM TRN Index ETF and db x-trackers MSCI Bangladesh IM TRN Index ETF will be cross-listed in London.
The Pakistan ETF tracks the performance of 25 listed companies, while the Bangladesh ETF tracks 64 listed companies, both indices include companies from across the market cap spectrum.
Manooj Mistry, head of db x-trackers for the UK, says: “With the largest number of emerging markets ETFs in Europe, db x-trackers is coming to be regarded as the ‘go to’ ETF provider for emerging markets exposure. (article continues below)
“These London listings also demonstrate once again how ETFs are making difficult-to-access markets more investable, with db x-trackers playing a key role in developing the market.”
The two frontier markets ETFs both have annual total expense ratios (TERs) of 0.85%.
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