Deutsche Bank cross-lists high yield corporate bond ETF
Deutsche Bank is cross-listing its db x-trackers USD High Yield Corporate Bond UCITS ETF DR (XUHY) into Switzerland. XUHY tracks the Bloomberg Barclays US High Yield Very Liquid Index ex 144A using selective sampling.
BlackRock intends to migrate German ETFs to Ireland
BlackRock intends to migrate its German ETFsto its Ireland-domiciled iShares ETF ranges. The migration, which is subject to regulatory approval, is a response to the German Investment Tax Reform (“Investmentsteuerreform”), BlackRock said in a press release.
BlackRock manages 54 German-domiciled iShares ETFs which had a combined AUM of US$55.4bn. BlackRock’s Irish iShares ETF range consists of 266 ETFs with US$294.5bn AUM.
The announcement is available here. We are in conversation with ishares about this as there will be ISIN changes without a takeover or merger, when we have more details we will update.