db x-trackers passes EUR 20 billion in assets under management
Frankfurt db x-trackers, Deutsche Bank’s Exchange Traded Fund (ETF) platform, and Europe’s fastest growing ETF provider, has passed EUR 20 billion in assets under management. Since launching the first product in January 2007, db x-trackers has become:
* Firmly established as one of the top three ETF providers in Europe with a market share of 19% of AUM.
* Number two in exchange ETF turnover with a market share of 31% and number one in OTC ETF trading with a market share of 50% in Europe. Combining the two, db x-trackers ETFs are the most actively traded ETFs in Germany the largest market for ETFs in Europe.
* The biggest fixed income ETF platform in terms of AUM with over EUR 10 billion in assets and a range of 37 products.
* The provider of the biggest and most successful ETF in Europe - db x-trackers II EONIA ETF - which tracks the Euro overnight money market rate. Synonymous with product quality - db x-trackers II EONIA ETF is the ETF with the tightest spread in Europe and the highest daily trading turnover.
“The relatively low cost, high liquidity and superior index tracking performance of db x-trackers’ ETFs have been the key advantages of our products,” said Thorsten Michalik, head of db x-trackers. “Our commitment to this business has helped us achieve this new milestone within an incredibly short space of time. We have delivered on client expectations through product innovations and on numerous occasions have been first to market with products such as the money market, short, credit and hedge fund index ETFs. Deutsche Bank’s market pledge has made db x-trackers amongst the most actively traded ETFs in Europe.”
There are now over 100 db x-trackers ETFs covering a broad range of asset classes - equities, fixed income, commodities, currencies and a hedge fund index. The product offer includes the largest range of short/inverse ETFs in Europe - 15 products covering equity market, credit and bond indices.
“By offering a broad product range including the largest fixed income ETF platform in Europe we have delivered what investors are looking for,” commented Marco Montanari, head of Fixed Income ETF Structuring at Deutsche Bank. “We are seeing investors across Europe increasingly using ETFs in their portfolios both for long term asset allocation and short term tactical investment.”
db x-trackers ETFs now have over 280 listings across Europe (Germany, France, Italy, Switzerland and UK) and Asia (Singapore).
For further information please contact Polhill Communications on 020 7655 0540 or visit http://www.dbxtrackers.com/
About db x-trackers
db x-trackers is Deutsche Bank’s Exchange Traded Funds (ETFs) index tracking solution platform. db x-trackers was launched in January 2007 and is currently the fastest growing ETF provider in Europe. Over EUR 20 billion of assets under management have been raised in two years, making db x-trackers one of the three largest ETF providers in Europe.
db x-trackers offers more than 100 ETFs across asset classes including equity, fixed income, credit, money markets, currencies and commodities; enabling anyone the opportunity to invest in a highly transparent, flexible and efficient way. db x-trackers offer investors the largest range of ETFs on short indices covering equity, bonds and credit indices.
db x-trackers’ ETFs are listed on six different exchanges across Europe and Asia (Borsa Italiana, Frankfurt Xetra, Paris Euronext, London Stock Exchange, Zurich SIX Swiss Exchange and Singapore Exchange SGX) and are supported by multiple market makers. db x-trackers ETFs are domiciled in Luxembourg and comply with UCITS III regulations.
With more than EUR 6.5 billion assets under management, the db x-trackers EONIA ETF is the single largest ETF in Europe. In the two years since inception the db x-trackers’ fixed income range has become the largest in Europe and has more assets under management than any other ETF platform in Europe.
The db x-trackers SHORT DAX® und DJ EURO STOXX50® Short ETFs were among the best performing funds in Europe during 2008.
More information on db x-trackers can be found on http://www.dbxtrackers.com/ . All of the above data was correct as at 28.02.2009.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,456 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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