Analyse: db x-trackers II iBoxx Global Inflation-Linked Total Return Idx Hdgd ETF

Früher oder später wird sie kommen: Dieser ETF bietet Schutz vor steigender Inflation, ist aber in erster Linie für institutionelle Anleger geeignet. 

Jose Garcia Zarate 16.11.2012

Rolle im Portfolio

The db x-trackers iBoxx Global Inflation-Linked TR Index ETF offers investors exposure to the aggregate performance of the major sovereign and quasi-sovereign (e.g. local/regional governments and public bodies, whether national or supranational, backed by governments) inflation-linked bond markets. This ETF is a EUR-denominated financial product whose performance may be affected by foreign exchange fluctuations. This ETF does not distribute dividends.

Protecting an investment portfolio against the damaging effects of inflation is one of the top tips an investor is certain to get. On that basis, inflation-fighters should be part and parcel of an optimal asset allocation. The global scope of this ETF possibly makes it best suited to work within the core of an internationally diversified investment portfolio, rather than one with a restricted geographical bias for which country-specific inflation-linked ETFs may be a better option. Having said this, it is important to underline that the term “global” used to market this ETF is somewhat generous as it only refers to developed economies (e.g. G7 plus Sweden. South Korea is also included, although with a tiny weighting). As such, this ETF may not prove such an effective inflation hedge for investors with investment portfolios geographically biased to emerging and developing economies, as these are statistically more heavily exposed to commodity-led inflationary pressures.

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Über den Autor

Jose Garcia Zarate  ist Senior ETF Analyst bei Morningstar

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