Deutsche Asset & Wealth Management has launched the db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU) and the db X-trackers Regulated Utilities Fund (UTLT). The exchange-traded funds are touted as the only ETFs on the market offering investors exposure to municipal infrastructure revenue bonds and regulated utilities.
“UTLT and RVNU are unique in allowing access to two new market sectors,” stated Martin Kremenstein, Deutsche Asset & Wealth Management Americas Head of Passive Asset Management.
RVNU tracks the DBIQ Municipal Infrastructure Revenue Bond Index and UTLT tracks the DBIQ Regulated Utility Index.
Deutsche Asset & Wealth Management’s U.S. exchange traded products platform includes 55 ETPs, with approximately $11.6 billion in assets under management.