Deutsche Bank today announced the launch of five new Exchange Traded Funds (ETFs) linked to currency-hedged MSCI International indexes. These ETFs are designed to provide investors direct exposure to international equity markets and aim to protect against fluctuations in value of the U.S. dollar and non-U.S. currencies.
The ETFs will be listed for trading on the NYSE Arca, under the following symbols:
|db-X MSCI Japan Currency-Hedged Equity Fund||(NYSE Arca: DBJP)|
|db-X MSCI Brazil Currency-Hedged Equity Fund||(NYSE Arca: DBBR)|
|db-X MSCI Canada Currency-Hedged Equity Fund||(NYSE Arca: DBCN)|
|db-X MSCI EAFE Currency-Hedged Equity Fund||(NYSE Arca: DBEF)|
|db-X MSCI Emerging Markets Currency-Hedged Equity Fund||(NYSE Arca: DBEM)|
Deutsche Bank’s newest ETFs expand a product line that now includes 49 Exchange Traded Products (ETPs) in the US with $14.9 billion assets under management (AUM), and 281 ETPs globally with $67 billion AUM. The ETFs seek to provide investment results that, before fees and expenses are applied, correspond generally to the price and yield performance of their respective benchmark indexes. The funds are designed to provide exposure to equity securities globally, while at the same time seeking to mitigate exposure to fluctuation between the value of the U.S. dollar and non-U.S. currencies by also investing in currency forwards.
“Deutsche Bank is filling a need in the marketplace by offering investors direct access to global markets with a built-in hedge against currency fluctuations,” said Martin Kremenstein, Chief Investment Officer and Chief Operating Officer of Deutsche Bank’s db-X business. “The newest Deutsche Bank ETFs provide investors direct access to some of the world’s most significant international markets with the goal of allowing investors to better manage their portfolios currency risk by capitalizing on Deutsche Bank’s industry-leading foreign exchange expertise*.”
* Deutsche Bank has been ranked the world's largest FX house by marketshare by Euromoney for seven years running.
db-X is Deutsche Bank's exchange-traded product platform, which provides institutional and retail investors access to the Bank's global resources and expertise.
For more information about Deutsche Bank’s exchange-traded products business in the U.S., please visit: http://www.dbxetf.com. The ETFs may not be suitable for all investors.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
Deutsche Bank’s db-X Group is among the world's leading providers of exchange-traded products with currently more than 200 products totaling over $67 billion in assets under management in the United States, Europe and Asia.
Leveraging Deutsche Bank’s global expertise and resources, db-X provides demanding investors – private as well as institutional – with professional and innovative investment tools across asset classes and markets.
Deutsche Bank’s db-X Group has been driving innovation. db-X was the first to bring broad-based commodity exposure via exchange-traded funds to the US marketplace. Now, with the newest set of db-X MSCI Currency-Hedged Funds, db-X continues to offer some of the most innovative, efficient and transparent investment tools.
The ETFs are distributed by ALPS Distributors, Inc. (“ALPS”). DBX Advisors LLC (“DBX”) is the investment advisor to the ETFs. DBX is a subsidiary of Deutsche Bank AG, neither of which is affiliated with ALPS.
The ETFs seek to track the MSCI Japan US Dollar Hedged Index, MSCI Brazil US Dollar Hedged Index, MSCI Canada US Dollar Hedged Index, MSCI EAFE US Dollar Hedged Index, respectively. One cannot invest directly in an index.
Investing involves risk, including possible loss of principal. Investing in funds that invest in specific countries or geographic regions may be more volatile than investing in broadly diversified funds. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in currencies involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk which can be volatile and may be less liquid than other securities and the effect of varied economic conditions.
Carefully consider the ETFs’ investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the ETFs’ prospectuses, which may be obtained by calling 1-855-DBX-ETFS (1-855-329-3837), or by viewing or downloading a prospectus at www.dbxetf.com. Read the prospectus carefully before investing.
Shares of the ETFs may be bought or sold throughout the day on the exchange through any brokerage account, which will result in the typical brokerage commissions. Shares are not individually redeemable from the ETFs and may only be purchased and redeemed directly from the ETFs by Authorized Participants, in very large creation/redemption units.
MSCI and MSCI Index are servicemarks of MSCI Inc. and have been licensed for use by DBX. The ETFs are not sponsored, endorsed, issued, sold or promoted by MSCI Inc. Nor does this company make any representation regarding the advisability of investing in ETFs. db-X® is a registered trademark of Deutsche Bank AG. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.
Deutsche Bank AG
Amanda Williams, +1 212-250-1499