December 16, 2008

db x-trackers's EONIA money market ETF becomes largest ETF in Europe

db x-trackers, Deutsche Bank’s Exchange Traded Fund (ETF) platform, is delighted to announce that its EONIA® Total Return Index ETF* has become the biggest in Europe.

The EONIA ETF, which tracks an index reflecting the Euro Over Night Index Average representing the overnight reference rate determined by the European Central Bank, has become the largest ETF across all asset classes in Europe with more than EUR 5.4bn assets under management**.

This is the first time a fixed income ETF has taken the top spot in Europe since the market was established in 2000. The European ETF market now supports 20 different providers who offer over 500 ETFs.

Marco Montanari, head of fixed income ETFs structuring at db x-trackers, commented: “Our success is based on innovation. Last year we created the first money market ETF that was transparent, had predefined returns, no interest rate duration risk all within a robust UCITS III structure. Our innovation has paid off as this ETF is now the biggest in Europe.

“With an average daily trading volume of over Euro 40 million the EONIA ETF is also the most liquid fixed income ETF in Europe and among the top five most liquid European ETFs. This high liquidity is a result of the lowest bid offer price among all ETFs in Europe with a spread of only 0.4 basis points.”

Thorsten Michalik  head of db x-trackers Europe, commented: “The EONIA ETF is an example of the market leading products db x-trackers has brought to the ETF market. Along side EONIA we have also brought innovation in equity, commodity, forex and fixed income ETFs. This effort and focus in innovation has achieved over EUR 16bn AUM globally raised in just under two years, an achievement unmatched by any other European ETF provider.”

For further information please contact Polhill communications on +44 20 7655 0540

* The db x-trackers EONIA ETF is listed in Frankfurt, Milan and Paris
** as of 12 December 2008.

About db x-trackers

In January 2007 Deutsche bank launched 'db x-trackers', its Exchange Traded Fund (ETF) platform.  The platform was recognised for its excellence at the 4th Annual ETF Global Awards Dinner & Workshop, held in April 2008, when it was awarded the following:

  • Most recognised ETF brand Europe 2007
  • 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 90 ETFs on all asset classes - equity, fixed income, commodities and currencies – and has raised over €15 billion since launch. The db x-trackers ETF range includes many innovations such as the first ETFs tracking short indices, CDS indices, money markets and frontier markets such as Vietnam. 

The db x-trackers ETFs are sub-funds of the db x-trackers and db x-trackers II,  both umbrella fund investment companies domiciled in Luxembourg. Both SICAVs and their 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

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 81,308 employees in 75 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.

Press Release: db x-trackers's EONIA money market ETF becomes largest ETF in Europe