3 November 2008 FRANKFURT, LONDON – db x-trackers, Deutsche Bank’s Exchange Traded Fund (ETF) platform, achieved the highest growth in assets under management amongst all ETF providers globally during 2008. Within just 21 months, db x-trackers has become the third largest ETF provider in Europe and sixth largest globally.
According to the ETF Landscape Industry Review from Barclays Global Investors, October 2008, db x-trackers achieved growth in assets under management of USD 10.41 billion since the beginning of the year to 30 September 2008. The same report shows that the AUM for db x-trackers has almost doubled by growing 96.2% to USD 21.23 billion. Since the beginning of the year, the market share of db x-trackers in Europe and globally has increased to 14.5% and 2.8% respectively.
Manooj Mistry, Head of db x-trackers UK, commented:
“Despite the difficult market conditions we have seen the popularity of ETFs increasing across Europe with investors using them in a variety of ways in their portfolios. We are particularly pleased with the success of our money market ETFs which have provided a robust and stable alternative to other money market products. Our db x-trackers II EONIA ETF is the largest fixed income ETF in Europe with AUM of over EUR 4.1 billion* having risen more than EUR 1 billion* in October 2008. Our EONIA ETF is the fastest growing ETF in 2008 with more than EUR2.7 billion* raised since the beginning of the year.
“The growth in assets for db x-trackers during 2008 has demonstrated that we have delivered an attractive range of products with superior index tracking, low fees and efficient market making. We have seen that by offering a broad range of products covering equity, fixed income, commodities and currencies our clients can choose the ETFs that most suit their investment objectives.”
For further information please contact Polhill communications on 020 7655 0540
Source: Unless otherwise indicated the figures quoted in this press release are sourced from ETF Landscape Industry Review from Barclays Global Investors October 2008. See Appendix with extracts from relevant tables.
*Source: Deutsche Bank.
db x-trackers – Deutsche Bank Exchange Traded Funds
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 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 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.