Deutsche Asset & Wealth Management today announced that, effective immediately, the creation limit for Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (NYSE Arca:ASHR) (the “Fund”) will increase from the previous limit of one creation unit per day to five creation units per day. The Fund will continue to utilize this new creation units limit for ASHR in order to manage the RQFII quota for purchasing China A shares securities. As a result:
- ASHR will now accept five creations units each day, where each creation unit is comprised of 50,000 shares. This is an increase from the previous limit of one creation unit per day, announced on November 13, 2014.
- Deutsche Asset & Wealth Management and the Fund’s sub-advisor, Harvest Global Investments Limited, have worked with the Chinese authorities, as well as various other sources, to increase the RQFII quota for the Fund, to keep in-line with investor demand. Harvest Global Investments Limited is a leading asset manager in China and among the top five global holders of RQFII quota, but there is no assurance that such a future increase will be granted or will be sufficient to meet investor demand.
- Redemption orders for the Fund will continue to be accepted in the ordinary course of business as described in the Fund’s prospectus.
- As previously announced on November 13, 2014, Deutsche X-trackers Harvest CSI 500 China A-Shares Small Cap ETF (NYSE Arca:ASHS) will continue to accept one creation unit, comprised of 50,000 shares, each day.
With $1.27 trillion of assets under management (as of September 30, 2014), Deutsche Asset & Wealth Management* is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.
*Deutsche Asset & Wealth Management is the brand name of the Asset Management and Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents.
A-shares are companies incorporated in China and traded on the Shanghai and Shenzhen stock exchanges.
The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (NYSE ticker:ASHR) seeks investment results that correspond generally to the performance, before fees and expenses, of the CSI 300 Index. The CSI 300 Index is designed to reflect the price fluctuation and performance of the China A-share market and is composed of the 300 largest and most liquid stocks in the China A-share market.
The Deutsche X-trackers Harvest CSI 500 China A-Shares Small Cap ETF (NYSE ticker:ASHS) seeks investment results that correspond generally to the performance, before fees and expenses, of the China Securities 500 Index (CSI 500 Index). The index aims to track 500 small cap companies listed on the Shanghai and Shenzhen stock exchanges.
DBX Advisors LLC is the investment adviser to the Deutsche X-trackers ETFs. Deutsche X-Trackers ETFs are distributed by ALPS Distributors, Inc. The ETFs are managed by DBX Advisors LLC, which is not affiliated with ALPS.
The CSI 300 Index is composed of the 300 largest and most-liquid stocks in the China A-share market, which trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Harvest Global Investments Limited is a wholly owned subsidiary of Deutsche Bank Group’s asset management joint venture in China, Harvest Fund Management Co., Ltd., the second-largest asset management company in the country.