The Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF) increased its creation unit from 50,000 to 200,000 shares.
DBEF will now only issue or redeem shares that have been aggregated into blocks of 200,000 shares or multiples thereof to authorised participants who have entered into agreements with its distributor.
Launched in 2011, DBEF was among Deutsche AWM’s first currency-hedged equity ETFs, designed to provide exposure to one or more key international equity markets while seeking protection against fluctuations in the value of the US dollar and foreign currencies. DBEF has grown from USD 1.7BN at the end of 2014 to USD 11.7BN today. It is also the 2nd largest asset gathering ETF in the industry year-to-date.
“Due to increased demand for DBEF exposure, and to help make the ETF even more efficient, we have increased the size of creation and redemption units of DBEF,” says Fiona Bassett, Head of Passive in the Americas for Deutsche AWM. “The increased creation and redemption unit speaks to the quality of our product and the overall trend towards currency-hedged international exposure in the marketplace.”