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SINGAPORE, Feb 23 (Reuters) - Deutsche Bank (DBKGn.DE) launched four exchange traded funds (ETFs) in Singapore on Monday, including the first ETF in Asia that lets investors bet on a drop in the S&P500 index .SPX of U.S. stocks.
ETFs, which are listed on stock exchanges like regular shares, are instruments that move in tandem with an underlying stock exchange index or the price of a commodity.
An inverse or reverse ETF, as the name suggests, rises in value when the underlying index falls and drops when the index is higher.
"A short ETF, especially in today's volatile environment, can help investors better manage their investment risk and at the same time making it possible to generate positive returns, without having to use derivatives," Thorsten Michalik, Deutsche's global head of db x-trackers ETFs said in a statement.
The launch of Deutsche's ETFs will increase the number of such products on the Singapore Exchange (SGXL.SI) to 29 by end-February, SGX said. (Reporting by Kevin Lim; Editing by Kim Coghill)