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DeAWM to reduce annual all-in fee on China A-shares ETF


Deutsche Asset & Wealth Management (DeAWM) is to reduce the annual all-in fee on db x-trackers Harvest CSI300 Index UCITS ETF (DR) to 0.65% per annum, down from 1.1% per annum, from 1 May, 2015. 

The move, which follows the recent announcement (20 March, 2015) that Deutsche Asset & Wealth Management Investment GmbH is the first asset manager be given a German Renminbi Qualified Foreign Institutional Investor (RQFII) licence, thereby providing additional potential capacity for the purchase of China A-shares, comes as BlackRock announces plans to offer it’s own A shares ETF –  the iShares MSCI China A UCITS ETF – on the London Stock Exchange.

db x-trackers Harvest CSI300 Index UCITS ETF (DR) launched in January 2014 and is one of the few ETFs to provide physical replication exposure to China’s domestic A-shares equity market. It is currently one of the largest physical China A-Shares ETFs listed in Europe, with over EUR600 million in assets (Source, Deutsche AWM, as at April 8, 2015) and is listed on the London Stock Exchange, the Deutsche Börse and the Borsa Italiana.

Marco Montanari, Deutsche AWM’s Head of Passive Investments, Asia-Pacific, says: “The China A-shares market is rapidly becoming bigger, more liquid and more international. The success of the db x-trackers-Harvest ETF in terms of the assets it has raised in a short time, combined with the fact that Deutsche AWM now has additional potential RQFII quota from our German licence becoming available, plus additional capacity stemming from the new Shanghai-Hong Kong Stock Connect system, means conditions are right for reducing the annual all-in fee and making the fund even more attractive for investors.”

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