Deutsche Asset & Wealth Management announced today that the db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR), launched at $108 million. This initial capital investment is the largest for any equity exchange-traded fund (ETF) since 2007.¹
“The initial investment in ASHR demonstrates the ground breaking nature of this ETF and is a positive indicator of pent up demand for direct exposure to mainland Chinese equities,” said Martin Kremenstein, head of Passive Asset Management for Deutsche Asset & Wealth Management Americas.
The launch of ASHR is one more example of Deutsche Asset & Wealth Management’s ability to package the global access, expertise and intelligence of Deutsche Bank into first-of-a-kind exchange-traded funds (ETF). The group recently launched the db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU) – the only ETF on the market to offer investors municipal bond exposure while mitigating the general obligation risk – that similarly leveraged the Bank’s global strengths.
Deutsche Asset & Wealth Management’s U.S. exchange-traded products (ETP) platform was also the first to provide U.S. investors with convenient access to broad-based commodity exposure when it launched in 2006. Currently the platform has $12 billion in assets under management. The Deutsche Asset & Wealth Management global ETP platform, which was launched in 2006, has risen to become the fifth largest in the world with approximately $66 billion in assets under management as of September 30, 2013.²
The CSI 300 Index tracks the performance of 300 stocks traded on the Shanghai and Shenzhen stock exchanges. It is not possible to invest directly in an index.
¹ Source: Bloomberg
² Source: Deutsche Bank, Bloomberg Finance LP, Reuters.