Deutsche Bank says its exchange-traded funds platform, db x-trackers, achieved net inflows of EUR12.02bn during 2008, boosting assets by 132 per cent over the year.
Deutsche Bank says its exchange-traded funds platform, db x-trackers, achieved net inflows of EUR12.02bn during 2008, boosting assets by 132 per cent over the year.
There were inflows of EUR6.77bn into the db x-trackers equity ETFs and EUR5.24bn into fixed-income ETFs.
“In December 2008 alone we had a net inflow of EUR2.6bn mostly in our Equity ETFs product line,” says Thorsten Michalik, head of db x-trackers at Deutsche Bank.
He says the inflows were not caused only by the German tax reform that took effect on January 1 this year.
“During the four very first trading days in 2009 investors brought db x-trackers ETFs worth over EUR1bn,” says Michalik. “2009 will be the ETF year. We are planning to expand our product line on the domestic as well as on the international level. In February we will enter the Asian market by listing the first db x-trackers ETFs.”
The first db x-trackers ETFs were launched in January 2007, and the range currently has 263 exchange listings on Borsa Italiana, Frankfurt Xetra, Paris Euronext, London Stock Exchange und Zurich SIX Swiss Exchange.
Based on the latest November figures provided by Deutsche Börse db x-trackers ETFs had a market share of over 34 per cent for exchange trading and OTC trading in Europe.
