ETFs

DeAWM to boost offering of physical ETFs

Deutsche Asset & Wealth Management (DeAWM) is set to become one of Europe’s largest providers of physical exchange-traded funds following a significant expansion of its direct replication platform.

A total of 18 db X-trackers equity ETFs will switch replication method from indirect to direct replication.
 
This is expected to take total assets under management in direct replication db X-trackers ETFs to approximately EUR9.5bn, making DeAWM the second largest provider of physical ETFs in Europe.
 
The move follows last year’s expansion of the db X-trackers UCITS ETF direct replication platform to provide direct tracking of major equity benchmarks on a handful of underlying indices.
 
Reinhard Bellet, DeAWM’s head of passive asset management, says: “Our direct replication platform is now well established and is delivering the same high standards of transparency and operational efficiency investors traditionally associate with db X-trackers ETFs. This, together with the fact that in some areas investors have shown a clear preference for direct replication offerings, gives us the confidence to fully realise our physical replication capability.”
 
Those ETFs switching replication technique will continue to trade normally and will not be impacted by any immediate administrative or legal costs associated with the change.  
 
The 18 ETFs due to switch to a direct replication methodology are:
db x-trackers DAX UCITS ETF
db x-trackers MSCI Europe Index UCITS ETF        
db x-trackers MSCI Pan-Euro Index UCITS ETF
db x-trackers Stoxx Europe 600 UCITS ETF
db x-trackers MSCI Europe Mid Cap Index UCITS ETF
db x-trackers MSCI Europe Small Cap Index UCITS ETF
db x-trackers Euro Stoxx 50 UCITS ETF
db x-trackers Euro Stoxx Select Dividend 30 UCITS ETF
db x-trackers CAC 40 UCITS ETF
db x-trackers FTSE 100 UCITS ETF
db x-trackers FTSE 250 UCITS ETF
db x-trackers FTSE All-Share UCITS ETF
db x-trackers FTSE MIB UCITS ETF
db x-trackers MSCI Mexico Index UCITS ETF
db x-trackers ATX UCITS ETF
db x-trackers SMI UCITS ETF        
db x-trackers IBEX 35 UCITS ETF
db x-trackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF

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