Deutsche Asset & Wealth Management (DeAWM) has cut the annual all-in fee for db x-trackers Nikkei 225 UCITS ETF (DR) to 0.09 per cent per annum, making it Europe’s most competitive Japanese equity ETF in terms of all-in fees.
db x-trackers Nikkei 225 UCITS ETF (DR), which previously charged an annual all-in fee of 0.25 per cent per annum, is part of Deutsche AWM’s Core-ETFs range.
The Core-ETFs range was launched in February 2014 and aims to serve the needs of all types of investors looking for low total cost of ownership (the total cost of acquiring, holding and then exiting an investment).
All db X-trackers Core-ETFs track their indices using direct, physical replication, with annual all-in fees ranging from 0.07 per cent to 0.19 per cent per annum.
Simon Klein, Deutsche AWM’s head of exchange traded products sales, EMEA and Asia, says: “This fee cut will be welcomed by current investors, but will also help attract new types of investors. The ETFs in our Core-ETFs range can now more than compete with index mutual funds in terms of all-in fees.”