Deutsche Bank (DB) has launched six new Exchange Traded Funds (ETFs) on the Singapore Exchange Securities Trading Limited (SGX), including Asia's first ETF tracking the performance of the Brazilian domestic equity market.

Together with the six new ETFs, db x-trackers now has a total of 16 ETFs listed on the SGX.

"After our great success in Europe we are proud to list some of our most successful ETFs on the SGX," said Marco Montanari, head of db x-trackers ETFs, Asia.

The six ETFs, which have been launched by Deutsche Bank's db x-trackers brand, are among the most successful in terms of assets under management of the 120 ETFs that db xtrackers provides in Europe.

Some of the highlights of the range include:

- The Emerging Markets TRN Index ETF (J0M) - this is db x-trackers' biggest ETF with more than US$3.5bn in assets under management and a tracking error of just 0.52% per year since launch. "The Emerging Markets TRN Index ETF is a great example of the kind of market-leading product and innovation that db x-trackers can bring across asset classes, including equities, commodities, currencies and fixed income," said Montanari. "This focus on innovation has helped us raise more than US$37 billion in assets under management globally in just under three years."

- The MSCI Brazil TRN Index ETF (J0O) - this was the top-performing db x-trackers ETF in 2009 with a performance of 123%. The MSCI World TRN Index was another top performer, providing access to an index comprising more than 1600 stocks across more than 25 countries.

- The MSCI Russia Capped Index ETF - this posted a performance gain of more than 100% in 2009. It replicates the MSCI Russia Capped 25 Index, which is a custom market capitalisation weighted index based on the MSCI Russia Standard Index. Under the MSCI Russia Capped 25 Index, constituents whose weights are greater than 25% are capped daily to 22.5% and quarterly to 20%.

"All our ETFs benefit from the liquidity provided by the market-making commitment of Deutsche Bank," Montanari added.