Tue, Jun 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Deutsche Bank launches suite of international currency-hedged exchange traded funds

Monday, June 13, 2011

Martin Kremenstein
Opalesque Industry Update - Deutsche Bank announces 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 are: db-X MSCI Japan Currency-Hedged Equity Fund, db-X MSCI Brazil Currency-Hedged Equity Fund, db-X MSCI Canada Currency-Hedged Equity Fund, db-X MSCI EAFE Currency-Hedged Equity Fund, and db-X MSCI Emerging Markets Currency-Hedged Equity Fund.

Deutsche Banks 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 Banks db-X business. The newest Deutsche Bank ETFs provide investors direct access to some of the worlds most significant international markets with the goal of allowing investors to better manage their portfolios currency risk by capitalizing on Deutsche Banks 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.Press release: Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  3. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  4. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

  5. Outlook - Jim Rogers: Turmoil is coming[more]

    From Peakprosperity.com: Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting: increased wealth confiscation by the central planners

 

banner