Deutsche Asset & Wealth Management (Deutsche AWM) today announced that the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF) increased its creation unit from 50,000 to 200,000 shares as of today’s trade date. DBEF will now only issue or redeem shares that have been aggregated into blocks of 200,000 shares or multiples thereof to authorized participants who have entered into agreements with its distributor.
Launched in 2011, DBEF was among Deutsche AWM’s first currency-hedged equity ETFs, designed to provide exposure to one or more key international equity markets while seeking protection against fluctuations in the value of the US dollar and foreign currencies. DBEF has grown from USD 1.7BN at the end of 2014 to USD 11.7BN today. It is also the 2nd largest asset gathering ETF in the industry year-to-date.1
“Due to increased demand for DBEF exposure, and to help make the ETF even more efficient, we have increased the size of creation and redemption units of DBEF,” said Fiona Bassett, Head of Passive in the Americas for Deutsche AWM. “The increased creation and redemption unit speaks to the quality of our product and the overall trend towards currency-hedged international exposure in the marketplace.”
Deutsche X-trackers US ETF business has experienced breakthrough years in 2014 and 2015. With assets totaling USD 17.35 billion as of April 29, 2015, an increase of approximately 390% since year end 2014, Deutsche X-trackers continues to be among the fastest growing ETF franchises in the US.2 The firm’s global exchange traded products platform has grown to become the world’s fifth largest, with approximately $56.8 billion in assets under management as of December 31, 2014.3
Deutsche Asset & Wealth Management
With USD 1.25 trillion of assets under management (as of March 31, 2015), Deutsche Asset & Wealth Management¹ 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.
¹ 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.
Deutsche X-trackers ETFs (“ETFs”) are managed by DBX Advisors LLC or DBX Strategic Advisors LLC (the “Advisors”), and distributed by ALPS Distributors, Inc. (“ALPS”). The Advisors are subsidiaries ofDeutsche Bank AG, and are not affiliated with ALPS.
MSCI is a service mark of MSCI Inc. (MSCI) and has been licensed for use by DBX. The funds are not sponsored, endorsed, issued, sold or promoted by MSCI nor does MSCI make any representationregarding the advisability of investing in the funds.
Important risk information
Investing involves risk, including the possible loss of principal. Stocks may decline in value. Foreign investing involves greater and different risks than investing in US companies, including currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards. The fund’s use of forward currency contracts may not be successful in hedging currency exchange rates changes and could eliminate some or all of the benefit of an increase in the value of a foreign currency versus the US dollar.
Funds investing in a single industry, country or in a limited geographic region generally are more volatile than more diversified funds. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Performance of the Fund may diverge from that of the Underlying Index due to operating expenses, transaction costs, cash flows, use of sampling strategies or operational inefficiencies. An investment in this fund should be considered only as a supplement to a complete investment program for those investors willing to accept the risks associated with the fund. See the prospectus for details.
Carefully consider the funds’ investment objectives, risk factors and charges and expenses before investing. This and other important information can be found in the funds’ prospectuses, which may be obtained by downloading a prospectus at www.deutsche-etfs.com. Read the prospectus carefully before investing.
No bank guarantee | Not FDIC insured | May lose value
Deutsche Asset & Wealth Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or any of its subsidiaries. Clients will be provided Deutsche Asset & Wealth Management products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering materials or other documentation relevant to such products or services.
© 2015 Deutsche Asset & Wealth Management. All rights reserved. R-038367-1.0 DBX001453 06/01/2015
1 Source: ETF.com
2 Source: ETF.com
3 Source: Deutsche AWM
Catherine Wooters, +1 212-250-2790