The bank said these ETFs are designed to provide investors with direct exposure to international equity markets and aimed to protect investors against fluctuations in value of the US dollar and non-US currencies.
The ETFs to 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.
The German bank’s latest ETFs expand a product line that now includes 49 exchange traded products (ETPs) in the US with $14.9bn assets under management, and 281 ETPs globally with $67bn assets under management.
Deutsche Bank db-X business chief investment officer and chief operating officer Martin Kremenstein said 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.
"The newest Deutsche Bank ETFs provide investors direct access to some of the world’s most significant international markets with the goal of allowing investors to better manage their portfolios currency risk by capitalizing on Deutsche Bank’s industry-leading foreign exchange expertise," Kremenstein.
