Beyond Expectations: db x-tracker ETF’s raise EUR 10 billion assets in 14 months
db x-trackers – Deutsche Bank’s Exchange Traded Funds platform, has raised more than EUR 10 billion of assets in record time since launching in January 2007. Deutsche Bank is now the third largest ETF provider in Europe by assets under management with a market share of more than 10 per cent.
“One interesting aspect of our growth is that we were the European ETF provider with the highest inflow of assets over the last six months. We captured more than 50 per cent of new inflows of assets* into ETFs during this period,” commented Thorsten Michalik, head of db xtrackers at Deutsche Bank.
The db x-trackers ETF on EONIA, the EUR overnight money market interest rate tracker, has raised assets of EUR2 billion making it the largest fixed income ETF in Europe and at the same time the most successful ETF that has ever been issued in Europe*.
“With our db x-trackers ETFs on Equity, Fixed Income, Currency and Commodity indices we now cover all major asset classes. More than 80 per cent of our assets have been raised from institutional investors such as pension funds, asset managers and private banks. We have seen increased activity from retail investors over the last few weeks – especially self directed investors,” explains Manooj Mistry head of db x-trackers structuring.
Deutsche Bank also offers ETFs in the USA and South Africa. Last week, the two ITrix ETFs in South Africa were rebranded as db x-trackers and are to be followed by the launch of three new ETFs. The total assets under management for Deutsche Bank ETFs globally is around EUR 15 billion, which makes Deutsche Bank the seventh largest provider of ETFs globally.
Assets under management in Exchange Traded Funds (ETFs) in Europe were 89.17 bln. € at the end of 2007. There are currently 81 db x-tracker ETFs with 185 listings in Germany, UK, France, Italy and Switzerland.
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*The statistics quoted above have been sourced from the weekly research reports “European Listed Exchange Traded Funds – ETF Liquidity Trends” by Nizam Hamid and Yvonne Sandford in the Portfolio & Index Strategy Team and “Exchange Traded Funds – Industry Snapshots” reports from Deborah Fuhr at Morgan Stanley.
db x-trackers – Deutsche Bank Exchange Traded Funds
Since their launch in January 2007, Deutsche Bank has raised over EUR 10 billion of assets across all asset classes for the db x-trackers respectively db x-trackers II ETF platform establishing Deutsche Bank as the third largest ETF provider in Europe by assets and product range. During 2007, db x-trackers respectively db x-trackers II ETFs had the highest inflow in assets among all ETFs providers in Europe and had the three products with the highest inflows of new assets - MSCI Emerging Markets Index, the EONIA Money Market ETF and the DJ EURO STOXX 50. The db x-trackers fixed income ETF range accounted for over 50% of all new inflows for that asset class in Europe.
With more than 80 products, the db x-trackers ETFs product range covers various asset classes of Equity, Bond, Credit, Currency, Money Market and Commodity indices. These include innovative products such as the first ETFs on short indices, ETFs on CDS indices, emerging markets such as Vietnam as well as the first ETFs tracking overnight money market rates.
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 l and supported by a number of market makers providing liquidity in the ETFs.
The db x-trackers ETFs are sub-funds of the db x-trackers and db x-trackers II SICAVs, umbrella fund investment companies domiciled in Luxembourg. The 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 http://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.