The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (ASHR) is to increase the number of creation units that it will accept from one creation to 25 creations per day, effective 2 March, 2015.
ASHR launched on November 6, 2013 and today has approximately USD1 billion in assets with an average daily volume of 1.2 million shares, making it the largest and most traded choice for investors seeking to invest directly in the onshore Chinese stock market.1
“Significantly increasing the creations now allows more US investors to invest in the potential growth of the Chinese economy,” says Fiona Bassett, Head of Passive in the Americas for Deutsche AWM. “This achievement reaffirms our Deutsche X-trackers platform’s commitment to meet the demands of investors by providing unique and innovative exchange traded products to the market.”
The breakthrough success experienced in 2014 by Deutsche AWM’s Passive business in the Americas has continued in 2015. With assets totalling USD7.8 billion as of February 20th 2015, an 82% increase since year end, Deutsche X-trackers continues to lead the industry as the fastest growing ETF franchise in the US. The firm’s global exchange traded products platform launched in 2006, and has grown to become the world’s fifth largest, with approximately USD56.8 billion in assets under management as of 31 December, 2014.