Year 2008

July 28, 2008

DB X-Trackers List First Regional Shariah Compliant ETFS in London

London, 28 July 2008 – db x-trackers, Deutsche Bank’s ETF platform, has listed the first ever regional Shariah compliant ETFs on the London Stock Exchange (LSE).

The three ETFs are:
  • db x-trackers S&P 500 Shariah ETF
  • db x-trackers S&P Europe 350 Shariah ETF
  • db x-trackers S&P Europe 350 Shariah ETF
To complement the three new regional Shariah ETFs, db x-trackers is also listing a global Shariah compliant ETF on Dow Jones Islamic Market Titans 100 ETF.

db x-trackers’ new range of Shariah ETFs provide institutional and retail investors access to investments based on Islamic principles, which exclude any activities challenging Shariah law. The principle exclusions from the investment range are pork-related substances, alcohol, gambling, financials, advertising & media, pornography, tobacco and the trading of gold and silver as cash on a deferred basis.

The new Shariah ETFs will allow investors access to a wide range of sectors and markets including utilities, industrials, energy, technology and healthcare via ETFs characterised as being highly liquid and transparent. Over three and five years the three Shariah indices have outperformed their standard counterparts (see table below).

Returns
S&P 500 Shariah
S&P 500
S&P Europe 350 Shariah
S&P Europe 350
S&P Japan 500 Shariah
S&P Japan 500
3 Year
9.10%
4.41%
18.08%
14.07%
8.58%
7.04%
5 Year
10.44%
7.58%
19.80%
17.36%
10.43%
10.34%
Source: Standard & Poors – 30 June 2008

Manooj Mistry, head of db x-trackers UK, commenting on the launches, said:

“The levels of financial sophistication among Muslim investors are growing and with them, the demand for investment products that are compliant with religious norms. The Shariah compliant ETF market is largely untapped and by offering these products to investors we have continued to show-case our innovative and forward thinking capabilities, whilst capitalising on fast growing markets. As well as being an excellent option for those investors wanting investment tools in line with their beliefs and principles, these new ETFs may also provide a new way of accessing certain markets for the conventional investor looking for an alternative investment approach.”

Alex Matturri, Executive Managing Director of Standard & Poor's Portfolio Services, comments:

"Shariah-compliant investing has been growing at an exponential pace over the past several years, as investors continue to increase their exposure to Islamic-compliant equities.”

“Starting with the launch of the S&P 500 Shariah, S&P Europe 350 Shariah and S&P Japan 500 Shariah in 2006, Standard & Poor’s has been at the forefront of offering indices that meet the investing needs of Islamic investors throughout the world. Today, Standard & Poor's Shariah Indices screen approximately $44 trillion of the world’s market capitalisation."

Deutsche Bank is a leader in the development of structured Islamic financing products and in 2005 it completed the first-ever principal-protected commodities transaction compliant with Islamic law. Last year the bank launched a series of Islamic funds through its global mutual funds arm, DWS Investments. In October 2007 it closed an Islamic profit rate collar structure with Dubai Islamic Bank for more than $500 million in notional value, the largest such structure done in the Islamic markets. Deutsche Bank was a founding member of the Dubai International Financial Exchange and the first to list products when the DIFX opened in September 2005.

Deutsche Bank’s Islamic platform has been recognised as three years running by the Euromoney Islamic Finance Awards, and achievements include: the best Islamic Structured Products House, the Best Islamic Advisory House, Most Innovative Islamic Finance House, most improved in Islamic Finance and the Best Islamic Assurance and Advisory service. Deutsche Bank has also been recognisd by Islamic Finance News (2007): emeafinance Awards (2008): London Sukuk Summit Awards (2008) for excellence in relation to Islamic finance.

Further information can be found at www.dbxtrackers.com

If you have questions please call Polhill Communications on: 020 7655 0540

- ENDS -


Exchange codes

 
All in Fee
LSE Code
Reuters
Bloomberg
Sedol
ISIN
S&P EUROPE 350 SHARIAH ETF
0.50% pa
XSHE
XSHE LN
XSHE.L
B2PDL71
LU0328475107
S&P JAPAN 500 SHARIAH ETF
0.50% pa
XSHJ
XSHJ LN
XSHJ.L
B2PDL93
LU0328475289
S&P 500 SHARIAH ETF
0.50% pa
XSHU
XSHU LN
XSHU.L
B2PDLB5
LU0328475362
DJ ISLAMIC MARKET TITANS 100 ETF
0.50% pa
XIMT
XIMT LN
XIMT.L
B2PDLC6
LU0328475529



Notes to Editors

db x-trackers – Deutsche Bank Exchange Traded Funds
In January 2007 Deutsche bank launched 'db x-trackers', its new Exchange Traded Fund (ETF) platform. The platform was recognised for its excellence at the 4th Annual ETF Global Awards Dinner & Workshop when it was awarded the following:

  • Most recognised ETF brand Europe 2007 – db x-trackers
  • Most innovative ETF Europe 2007 – db x-trackers Short DAX ETF
  • Most assets raised in absolute terms Europe 2007 – db x-trackers MSCI Emerging Market TRN Index ETF

The db x-trackers ETFs are listed on multiple stock exchanges across Europe – Euronext Paris, Borsa Italiana, Frankfurt Xetra, London Stock Exchange and SWX Swiss Exchange and supported by a number of market makers providing liquidity in the ETFs.

Currently db x-trackers has over 87 ETFs on all asset classes - equity, fixed income, commodities and currencies. The db x-trackers ETF range includes many innovations including the first ETFs tracking short indices, CDS indices, money markets and global high dividend yield strategy.

During 2007, db x-trackers ETFs saw the highest inflow in assets among all ETFs providers in Europe. The db x-trackers ETFs on the MSCI Emerging Markets Index, the EONIA Money Market Rate Index and the DJ Euro STOXX 50 had the highest inflow of new assets in Europe during 2007. The db x-trackers fixed income ETFs were responsible for over 50% of all new inflows for the asset class in Europe.

The db x-trackers ETFs are sub-funds of the db x-trackers SICAV, an umbrella fund investment company domiciled in Luxembourg. The db x-trackers SICAV and its sub-funds comply with the relevant European fund regulations relating to undertakings for collective investment in transferable securities (UCITS III).

More information on db x-trackers can be found on www.dbxtrackers.com


About 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 78,291 employees in 76 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


Standard & Poor's

“Standard & Poor’s”, “S&P”, “S&P 500” and “Standard & Poor’s 500” are trademarks of The McGraw-Hill Companies, Inc. The db x-trackers ETFs are not sponsored, endorsed, sold or promoted by The McGraw-Hill Companies, Inc., and The McGraw-Hill Companies, Inc. makes no representation regarding the advisability of investing in the db x-trackers ETFs.



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