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Deutsche lists first Australian money market ETF

Deutsche Bank launched today (April 21) the first ETF tracking an index earning the interbank overnight cash rate published by the Reserve Bank of Australia (RBA). The RBA’s interbank overnight rate is currently yielding 4.25%. Listed on the Singapore Exchange Securities Trading Limited (SGX), the ETF will be available in three different currencies: Australian dollar (KV5), Singapore dollar (KV7), and…

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