LISTED PRODUCT NEWS
DEUTSCHE OFFERS INDONESIA ETF
Deutsche Bank’s ETF division db x-trackers has launched the world’s first UCITS III-compliant China and Indonesia ETFs. Listed in Singapore, the China ETF tracks the CSI 300, which replicates the performance of A-shares that are listed on the Shanghai and Shenzhen indexes. DB x-trackers is scheduled to launch the Indonesia ETF, which tracks the MSCI index for the country, next week. Although they are listed on the Singapore exchange, both products will be available for European investors to trade.
NEW FTSE 100 NOTE FROM BARCLAYS
Barclays Stockbrokers has just launched a new FTSE 100 Accelerated Returns Note Issue 5 designed to offer investors enhanced returns on the UK blue-chip index over its five-year term. It offers investors the potential of three times the rise in the index up to a maximum of 75 per cent. If the final index level (averaged over the last month) is above the initial index level by 25 per cent or more, the maximum return of 75 per cent would be paid. It can be held in an ISA or SIPP and is available through Barclays Stockbrokers until 15 March.
ETF EXCHANGE NOW A DISTRIBUTING FUND
The world’s first third generation exchange-traded fund (ETF) platform ETF Exchange has now been granted distributing fund status. This means that the tax on any gains made by UK residents will be treated as a capital gain rather than income and therefore higher rate tax payers are only liable to pay 18 per cent tax on profits, rather than the previous 40 per cent. UK authorised investment funds and investment trusts will be exempt from tax on any chargeable gain. The platform is owned by ETF Securities.