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Deutsche Bank’s ETF unit bleeds $8bn this year

Posted on 27 October 2016

Deutsche Bank’s exchange traded fund unit is haemorrhaging cash as Germany’s biggest lender considers whether to sell parts of its asset management business. Investors have pulled $8bn from Deutsche’s ETF arm so far this year. This is an unwelcome collapse after a strong performance in 2015 when the unit attracted positive inflows of $28bn, according to ETFGI, a London-based consultancy.
Clients have headed for the exit after the bank was threatened with a $14bn claim from the US government to settle allegations of mis-selling of mortgage-backed securities that turned toxic during the 2007/08 financial crisis………………………………….Full Article: Source


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