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Deutsche Bank ETF’s raise EUR 15 billion assets in 18 months


db x-trackers - Deutsche Bank’s Exchange Traded Funds (ETF) platform, has raised more than EUR 15 billion of assets in 18 months since in the launch of the platform in January 2007. Deutsche Bank is now the third largest ETF provider in Europe by assets under management with a market share of more than 14 per cent*. Never before an ETF provider grew that fast.

“One interesting aspect of our growth is that we raised our assets under management by over EUR 7.2 billion in the first six month of 2008, which makes us the clear European leader in terms of assets inflow.” commented Thorsten Michalik, head of db x-trackers at Deutsche Bank.

Based on the semi-annual report of the “Bundesverband Investment und Asset Management e.V”, db x-trackers had the highest asset inflow of all German investment companies in 2008.

“With our product range we are well prepared for the growing demand after tax optimized investment funds. I am very confident that the introduction of the capital gain compensation tax in 2009 will help our platform continue to grow rapidly,” says Michalik.

Since the launch in early 2007 db x-trackers released 86 ETFs with 240 listings in Germany, UK, France, Italy and Switzerland. In the second half of 2008 db x-trackers will expand their business to Asia by introducing their ETFs in Japan, Hong Kong and Singapore.

The European ETF market consists of 29 ETF providers, featuring 497 ETFs with 1,627 different listings. The Assets under management in Exchange Traded Funds (ETFs) in Europe were 107.62 billion € at the end of July 2008. Furthermore the current average management fee was equal to 33 basis points*.


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