| 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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