Deutsche Asset & Wealth Management, the provider of db x-trackers exchange-traded funds, has launched a direct replication ETF on Japan’s Nikkei 225 Index.
The db x-trackers Nikkei 225 Ucits ETF (DR) provides full, direct replication of the underlying index and has a total expense ratio of 0.5 per cent per annum.
The launch is the latest in Deutsche Asset & Wealth Management’s roll-out of a new range of direct replication ETFs. In December, Deutsche Asset & Wealth Management launched direct replication db x-trackers on the FTSE 100 Index, the Euro Stoxx 50 Index and the Euro Stoxx 50 Ex Financials Index.
Manooj Mistry (pictured), head of exchange-traded products, EMEA, at Deutsche Asset & Wealth Management, says: “We’ve noted a pick-up in interest this year from investors looking to take Japanese equity market exposure, so the launch of this new ETF is perfectly timed.”
Deutsche Asset & Wealth Management now offers both direct and indirect replication db x-trackers ETFs on Japanese equity underlyings. It also offers GBP-hedged exposure to Japanese equities via a GBP-hedged share class of the db x-trackers MSCI Japan Index Ucits ETF.
