Deutsche Bank has launched what it claims to be the first exchange-traded fund (ETF) based on actual hedge funds. "For the first time, investors will have liquid Ucits III access to the hedge fund industry. Market participants will also be able to base their financial products on the ETF, as Deutsche Bank will be the market maker and will offer two-way prices on and off the stock exchange," said head of db x-trackers Thorsten Michalik. The Ucits III-compliant hedge fund ETF is linked to the db
