Deutsche Asset Management is enhancing its db X-trackers exchange-traded fund (ETF) product range to mark the 10th anniversary of the launch of its ETF business in Europe….
Today, Deutsche AM is one of the leading providers of ETFs both in Europe and worldwide, with over 300 products and approximately EUR 70 billion in assets under management (Source, Deutsche AM, March 22, 2017). To further enhance the range, Deutsche AM has reduced the annual all-in fees on 28 ETF products. This includes products tracking benchmarks such as MSCI Europe, MSCI Japan, MSCI Emerging Markets, Russell 2000 and the S&P 500 family of currency and non-currency hedged indices.
A full list of ETFs that have had their fees cut is provided below.
“As we celebrate 10 years as an ETF provider we have undertaken to reduce management fees to thank loyal clients for their continued support and to demonstrate our commitment to providing good value in terms of tracking performance after fees are taken into consideration,” said Manooj Mistry, Deutsche AM’s Head of Passive Asset Management, EMEA.
Deutsche AM already has an established range of Core ETFs with low annual all-in fees covering the main equity and fixed income building blocks. The new reductions complement the Core range and should help clients manage their portfolios even more efficiently.
“Our aim is to provide highly efficient, quality index trackers for our clients, and also position Deutsche AM for a further 10 years as a leading ETF provider,” continued Mistry.