Deka has expanded its ETF range in Germany with the launch of three products, two fixed income and one equity.

The Deka US Treasury 7-10 UCITS ETF (ELFE), the Deka Euro Corporates 0-3 Liquid UCITS ETF (ELFF) and the Deka Germany 30 UCITS ETF (ELFG) are listed on Xetra.

ELFE tracks the Solactive US Treasury 7-10 Year Q Series USD index and has a total expense ratio (TER) of 0.07%, making it one of the cheapest US Treasury ETFs on the European market.

Meanwhile, ELFF replicates the performance of the Solactive Euro Corporates 0-3 Year Liquid EUR index, which offers exposure to 90 liquid securities in the short-dated corporate bond market with a maturity of between 3 months and 3 years.

Finally, ELFG tracks the Solactive Germany 30 index, which offers investors exposure of the 30 largest companies in Germany.

The top three constituents, Allianz, SAP and Siemens, make up 27.5% of the index, as at 2 September.

Georg Kayser, institutional sales at Deka, commented: "Especially when reproducing classic market beta, it is important to offer institutional customers fully transparent and coherent investment solutions."

Timo Pfeiffer, head of research at Solactive, added: "Deka’s new pure beta ETFs are a distinct representation of the respective markets, focusing on institutional players in Germany."

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Deka currently offer 47 products in Europe, which have €9.3bn assets under management (AUM), making it Europe’s tenth largest ETF provider.