db x-trackers, the exchange traded fund platform of Deutsche Bank, has listed two funds on the Frankfurt-based Deutsche Boerse. The two new ETFs are a short bond ETF and an emerging market bond ETF based on the following indices: Short IBOXX € Sovereigns Eurozone Total Return Index and Deutsche Bank Emerging Markets Liquid Eurobond Euro Index. The short ETF will allow investors to take a short position on the overall sovereign debt issued by European governments. The other newly-launched ETF will provide investors with euro-hedged exposure to 14 emerging market sovereign and quasi-sovereign Eurobonds. ETFs are listed and traded like stocks and track indices of stock, bond, commodity and other markets. As the Deutsche Bank examples show, they can be used to bet on falls in markets as well as rises. Major providers of ETFs include iShares, part of Barclays Global Investors, StateStreet, the US bank, and Lyxor, part of the French bank Société Genérale.