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Deutsche Bank launches four ETFs in Singapore


Deutsche Bank and Singapore Exchange have announced the expansion of the bank’s exchange traded fund offerings to investors in Asia with the first batch of four ETFs, branded as db x-tr

Deutsche Bank and Singapore Exchange have announced the expansion of the bank’s exchange traded fund offerings to investors in Asia with the first batch of four ETFs, branded as db x-trackers.

This batch includes Asia’s first inverse ETF, the S&P 500 Short ETF. This is an ETF on the S&P 500 Short Index which tracks the S&P 500 Index, but in the opposite direction.

Investors who expect the S&P 500 Index to fall can buy this ETF, as it is based on the Short Index which will rise when the main index falls.

‘With the listing of the ETFs in Singapore, and the introduction of more ETFs covering major country, regional, as well as short and leveraged products in Singapore and Asia expected shortly, Deutsche Bank aims to become a leading provider of ETFs in Asia,’ says Thorsten Michalik, global head of db x-trackers exchange traded funds, Deutsche Bank. ‘We are excited to offer our db x-trackers ETF products to investors through Singapore, and provide them with a simple, transparent and cost efficient way to diversify assets.’

Michalik says a short ETF, especially in today’s volatile environment, can help investors better manage their investment risk and make it possible to generate positive returns, without having to use derivatives.
Andrew Ler, senior vice president and head, private investors of SGX, says: ‘SGX is pleased to welcome Deutsche Bank, one of Europe’s fastest-growing ETF issuers. The launch of Asia’s first inverse ETF on our Exchange signals our ongoing commitment to increasing the breadth and depth of our products, allowing investors to capitalise on all market conditions.’

Deutsche Bank began offering ETF products to European investors in January 2007.

Over the past two years, the company has expanded its offerings in Europe from eight to more than 100 products and with more than 18 billion Euros under management.

According to Michalik, assets under management in the Asian ETF market are expected to exceed USD85bn by the end of 2010.

With the launch of these four ETFs, SGX will have a total of 29 ETFs by end-February 2009, covering mainly Asian equity markets such as Singapore, India, Greater China, Asean, Korea and Japan as well as commodities, including gold.

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