Frankfurt am Main, January 22, 2007

Deutsche Bank launches db x-trackers


Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced it has launched eight db x-trackers Exchange Traded Funds (ETFs) in Germany. The ETFs are linked to the DAX®, SMI®, S&P/MIB, DJ EURO STOXX50®, MSCI USA, MSCI JAPAN, MSCI EUROPE and MSCI WORLD INDEX.

“With the listings covering major country and regional indices, Deutsche Bank intends to become a leading provider of ETFs in Europe”, says Garth Ritchie, European Head of Global Markets Equity at Deutsche Bank.

ETFs are passive investment funds that replicate the performance of indices and trade on stock exchanges in the same way as other exchange listed securities. As ETFs do not require active management they can be offered with competitive fees. In 2006 the majority of the new assets in passive funds flowed into ETFs demonstrating the attractiveness of their cost efficient and transparent features.

ETFs were first introduced in the USA in 1993 and in Europe in 2000. In December 2006 there were 769 ETFs listed globally with over EUR 445 billion assets under management, with equity-based ETFs showing an increase of 18% for the year. In Europe ETF assets grew 19% to EUR 67.9 billion. By 2011 it is widely forecast that assets in ETFs globally will exceed EUR1,500 billion.

“We are seeing increasing demand from private and institutional investors in Europe for passive investment instruments and as a result we are launching the db x-trackers ETF initiative.  We want to provide an attractive range of products covering country and regional indices backed by a commitment to provide quality market making. The experience of the US has shown that ETFs are popular with self-directed retail investors and Deutsche Bank has considerable experience of targeting these markets in Europe.” says Ritchie.

During 2007, Deutsche Bank will expand its range of db x-trackers ETFs to cover further equity indices, other asset classes and innovations. As well as being listed and marketed in Germany, the db x-tracker ETFs will soon be offered in other major European markets.

Overview db x-trackers

db x-tracker fund on
Total Expense Ratio
Fund Currency
Ratio
ISIN
Sec. Code Germany (WKN)
DAX® ETF
0.15%
EUR
0.01
LU0274211480
DBX1DA
SMI® ETF
0.30%
CHF
0.01
LU0274221281
DBX1SM
S&P/MIB INDEX ETF
0.30%
EUR
0.001
LU0274212538
DBX1MB
DJ EURO STOXX50® ETF
0.15%
EUR
0.01
LU0274211217
DBX1EU
MSCI USA TRN INDEX ETF
0.30%
USD
0.01
LU0274210672
DBX1MU
MSCI JAPAN TRN INDEX ETF
0.50%
USD
0.01
LU0274209740
DBX1MJ
MSCI EUROPE TRN INDEX ETF
0.30%
USD
0.01
LU0274209237
DBX1ME
MSCI WORLD TRN INDEX ETF
0.50%
USD
0.01
LU0274208692
DBX1MW


Further information can be found at www.dbxtrackers.com.


For further information, please call:

Deutsche Bank Press and Media Relations

Dr. Kirsten Siersleben +49 69 910-38079


Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,097 billion in assets and 67,474 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

www.db.com

 

This Release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations. Any statement in this Release that states our intentions, beliefs, expectations or predictions (and the assumptions underlying them) is a forward-looking statement. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include: the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues; potential defaults of borrowers or trading counterparties; the implementation of our management agenda; the reliability of our risk management policies, procedures and methods; and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 23 March 2006 on pages 7 through 13 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.

 




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