flatexDEGIRO teams with DWS on two co-branded ETFs
flatexDEGIRO has partnered with DWS to develop two co-branded Xtrackers ETFs covering diversified global equities and euro bonds, according to Luxembourg registrations.
The Performance Trust Municipal Bond ETF will focus primarily on federally tax-exempt income. The actively-managed fund will invest at least 80% of assets in investment-grade municipal securities, while allowing up to 20% in high-yield munis and taxable securities. Its strategy targets higher-yielding, undervalued bonds using duration, yield-curve, sector and credit analysis. The portfolio will typically maintain an effective maturity of 5–22 years and duration of 4–11 years, giving the fund meaningful exposure to interest-rate and credit conditions.
Source: SEC Filings
flatexDEGIRO has partnered with DWS to develop two co-branded Xtrackers ETFs covering diversified global equities and euro bonds, according to Luxembourg registrations.
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