Deutsche Bank´s db x-trackers EONIA ETF most successful ETF launch to date
db x-trackers’ EONIA ETF, launched just four months ago, has become the most successful European ETF to date with EUR 1 billion invested in the ETF. This brings assets raised via Deutsche Bank’s db x-trackers ETF platform to EUR 4 billion across Europe in the 10 months since the platform’s launch. With 49 ETFs Deutsche Bank is already the third largest ETF provider in Europe and in the top 5 when measured by assets under management. db x-trackers ETFs are listed on four European exchanges in Germany, Italy, Switzerland and the UK.
The EONIA index ETF gives investors daily access to the Eurozone overnight money market rate as determined by the European Central Bank through a stock exchange listed product.
“Our ETFs linked to the EONIA money market index, the DJ Euro Stoxx 50 Index and those on emerging market Indices have been especially popular and have seen the biggest inflow of new money. Given the current level of inflows in our EONIA ETF, it has the potential to become the biggest ETF across Europe during 2008”, says Thorsten Michalik, Head of db x-trackers.”
The portfolio of equity ETFs, which includes 9 ETFs on emerging market indices, has seen over EUR 2 billion of assets raised.
“We have demonstrated that db x-trackers ETFs are a low cost and efficient index tracking product backed by our market commitment and have established Deutsche Bank as a major player in the European ETF market,” said Michalik.
In the coming months Deutsche Bank will be launching a further 40 db x-trackers ETFs covering money market indices, currency indices, short indices and some more emerging market indices.
As at 30 September 2007 there were 1,095 ETFs available globally with EUR 552 billion assets. In Europe there were 396 ETFs with over EUR 87 billion. The market forecast for AuM by 2011 is at EUR 1.2 trillion. ETFs on fixed income indices, especially in Europe, will be one of the main drivers of the increase in AuM.
For further information please go to www.dbxtrackers.com
Michelle Gathercole (44 20) 7545 4249
Press and Media Relations
Stacey Coglan (44 20) 7545 4249
Press and Media Relations
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 75,140 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.
This release also contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. 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 27 March 2007 on pages 9 through 15 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir .