The Deutsche Bank exchange-traded fund platform db x-trackers has expanded its corporate bond offerings with the listing of two new ETFs linked to the performance of global financial and non-financial corporate bonds.

The euro-denominated ETFs, listed on the Deutsche Boerse, give exposure to sub-sets of the iBoxx EUR Liquid Corporate 100, which represents the performance of up to 100 euro-denominated corporate bonds taking into account rebalancing costs.

The db x-trackers II iBoxx € Liquid Corporate 100 Non-Financials Sub-Index Total Return ETF is linked to the performance of the broader index’s 53 corporate bonds classed as non-financial. The db x-trackers II iBoxx € Liquid Corporate 100 Financials Sub-Index Total Return ETF is linked to the remaining 47 constituents of the parent index.

The highest weighting in the financials index is to UK-domiciled companies, which constitutes 30 per cent of the weighting. The index lists bonds from a total of 12 countries. The non-financials index has 11 countries in it, with the largest weighting being to the Netherlands at 36 per cent.