db X-trackers, Deutsche Bank’s exchange-traded product (ETP) platform, is experiencing the fastest growth amongst Europe’s top-three leading ETP providers, according to figures from Deutsche Bank Research.
European net inflows throughout 2010 as a proportion of assets under management at the end of the year reached 20% for the Deutsche Bank business. Blackrock, Europe’s largest ETP provider, registered growth on a similar basis of approximately 13%, while Lyxor, the final top-three player, recorded approximately 10% growth, according to Deutsche Bank’s researchers, who analyse the ETP market – which consists of exchange-traded funds (ETFs) and exchange-traded commodities (ETCs) – on an independent and impartial basis.
According to the research, by the end of last year Blackrock had EUR75.1 billion in assets under management (AUM), while the business achieved approximately EUR9.7 billion in inflows throughout the year. Lyxor meanwhile had approximately EUR38.4 billion in AUM at the end of the year, registering EUR5.3 billion in inflows in 2010. Deutsche Bank registered EUR7.3 billion in inflows last year, taking its total AUM at the end of 2010 to approximately EUR36.8 billion.
“Our exceptional growth rate and top-three position shows how far we have come since launching db X-trackers in 2007. But more than that, it shows that we have got the formula right in terms of what customers want,” says Thorsten Michalik, Frankfurt-based global head of db X-trackers.
Deutsche Bank Research expects the global ETP market to continue to grow at close to 30%, with the ETF part of the market leading that growth.
“Not only is the ETF market set to continue to grow significantly overall, but our share of that growth is increasing too, all of which points to continued exceptional performance for db X-trackers,” says Michalik.
