Deutsche Bank is rapidly expanding its db x-trackers ETF product range with the launch of over 40 new ETFs over the coming months. Combined with the existing eight ETFs launched earlier this year, the new product launches will catapult Deutsche Bank to number three in Europe in terms of the number of ETFs issued.
The new db x-tracker ETFs which will be launched from early June onwards will cover multiple asset classes – equities, bonds, money market, credit and commodities - and provide exposure to new benchmark indices for the first time. The new products include:
- the first ETFs on the ShortDAX and DJ EURO STOXX 50 Short Index
- the first ETF on the DJ STOXX Global Select Dividend 100 Index
- the first ETFs on the S&P CNX Nifty (India) and KOSPI 200 (Korea) indices
- ETFs linked to FTSE indices
- ETFs on credit swap indices (iTraxx)
Deutsche Bank plans to list the db –xtrackers ETFs across the major European markets and will list db x-tracker ETFs for the first time in Switzerland during May and in the UK in early June.
The growth of the ETF market in Europe reflects the strong demand from private and institutional investors for passive investment instruments that are attractively priced and easily accessible. db x-trackers ETFs are already available to retail investors in Germany through monthly savings plans.
Garth Ritchie, Head of Equities in Europe for Deutsche Bank comments, “We are building our ETF platform aggressively because Deutsche Bank is committed to being a leading player in the European market. We have the market making, structuring and index trading capabilities to offer both retail and institutional investors a compelling range of innovative, efficiently-priced products.”
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 the US during 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. Currently, there are over 870 ETFs listed globally with over EUR 470 billion assets under management. In Europe there are over 300 ETFs available with assets under management of approximately EUR 70 billion. By 2011 it is widely forecast that assets in ETFs globally will exceed EUR1,500 billion.
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