By Innovative Investor
01/03/2010
Deutsche Bank announced today the launch of six new Exchange Traded Funds (ETFs) on The Stock Exchange of Hong Kong Limited (SEHK), including the first ETF in Asia to track the performance of the Brazilian domestic equity market.
The six ETFs, which have been launched under 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.
Marco Montanari, head of db x-trackers ETFs, Asia, said: "Together with the six new ETFs, db x-trackers now has a total of 13 ETFs listed on SEHK, making Deutsche Bank the largest issuer of ETFs in Hong Kong in terms of product offerings."
The six products are:
db x-trackers MSCI World TRN Index ETF
db x-trackers MSCI Pacific ex Japan TRN
db x-trackers MSCI EM Asia TRN Index ETF
db x-trackers MSCI Emerging Markets TRN
db x-trackers MSCI Russia Capped Index ETF
db x-trackers MSCI Brazil TRN Index ETF
The db x-trackers Emerging Markets TRN Index ETF is the biggest db x-trackers ETF
with more than US$3.4bn in assets under management globally as of 19 February 2010.
With the db x-trackers MSCI Russia Capped Index ETF, Deutsche Bank completes its BRIC offering covering the four major emerging countries of Brazil, Russia, India and China.
Deutsche Bank has both ETF manufacturing capabilities as well as trading and market-makingcapabilities.
"All our ETFs benefit from the liquidity provided by the market-making commitment of Deutsche Bank," added Montanari. "In addition db x-trackers ETFs represent a tax-efficient option for Asian investors as they are domiciled in Luxemburg, whereas Asian investors who invest in other off-shore ETFs domiciled in the US may be taxed up to 30% on their dividends."
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