Continues Expansion of Deutsche X-trackers Platform
“Today’s launch reaffirms Deutsche Asset & Wealth Management’s commitment to providing innovative strategies that meet investors’ current and emerging portfolio needs,” said Fiona Bassett, Head of Deutsche AWM’s Passive Business in the Americas. “We are excited to leverage our unique European market leadership and international expertise as we introduce Deutsche X-trackers MSCI EMU Hedged Equity ETF, our fourth currency hedged ETF for US investors into European equities.”
DBEZ joins Deutsche X-trackers MSCI Europe Hedged Equity ETF (NYSEArca: DBEU) to provide investors with several options for currency hedged access to European equities in an environment marked by a depreciating euro and a strengthening US dollar. Supported by this ongoing investment theme, DBEU has grown to more than USD 700 million in assets under management. Similarly, another member of Deutsche AWM’s currency hedged suite of products, Deutsche X-trackers MSCI EAFE Hedged Equity ETF (NYSEArca: DBEF), now holds over USD 1.3 billion.
Deutsche AWM’s US exchange traded products platform has approximately USD 11 billion in assets under management as of September 30, 2014. The firm’s global exchange traded products platform, launched in 2006, has grown to become the world’s fifth largest, with approximately USD 68 billion in assets under management as of September 30, 2014.
