Asia's first money market ETF has been launched by Deutsche Bank and Singapore Exchange Limited (SGX) by listing the db x-trackers U. S. Dollar Money Market ETF on the Singapore Exchange (SGX) that currently has 39 ETFs covering worldwide equity markets such as Singapore, India, North Asia, ASEAN, United States, Eastern Europe, Latin America and emerging markets.

Asia's first money market exchange-traded fund (ETF) measures changes in the Fed Funds Effective Rate Total Return Index and further represents the weighted average inter-bank interest rate in the US. Investors can get easy access to the US money market at minimum fees up to 0.15% per annum.

Mr. Marco Montanari, Head of db x-trackers ETFs, Asia, added, "Today's listing demonstrates our continued commitment to bringing innovative product to investors in Singapore. The db x-trackers US Dollar Money Market ETF offers investors a flexible, transparent and convenient way to access the US Dollar money market."

Ms Janice Kan, Senior Vice President & Head of Product Development, SGX termed the development beneficial for investors saying that it would help to provide easy access to a new range of products available through an ETF structure.