Deutsche Asset & Wealth Management’s (Deutsche AWM) US Deutsche X-trackers platform has surpassed USD20 billion in assets under management (AUM), and has improved its market share position to a top-10 ETF provider in the US.
With assets totaling USD 20 billion as of August 7, 2015, the Deutsche X-trackers platform has increased by approximately 365 per cent since year end, and continues to be among the fastest growing exchange-traded fund (ETF) franchises in the US.
“We are extremely proud of reaching this important milestone,” says Jerry Miller, Head of Deutsche AWM in the Americas. “In just two years, we have taken our platform from under USD 500 million to USD 20 billion in assets under management, proving our commitment to delivering innovative investment strategies to our clients and the opportunity that lies ahead of us.”
Deutsche Asset & Wealth Management’s global exchange-traded platform launched in 2006, and is the world’s fifth largest ETF provider with approximately USD 76.9 billion in assets under management. Within the US, the platform offers 24 ETFs with a focus on currency-hedged strategies. It offers 17 currency-hedged products, making it the broadest currency-hedged suite in the US. The Deutsche X-trackers MSCI EAFE Hedged Equity Fund (Ticker: DBEF), the flagship currency-hedged ETF, has grown from USD 1.7 billion to approximately USD 14.1 billion in assets under management since the beginning of 2015.3
“Driven by massive divergence in central bank policies across the globe, we have experienced outsized demand for our currency-hedged ETFs,” says Fiona Bassett (pictured), Head of Passive for Deutsche AWM in the Americas. “As a European-based bank, we will continue to leverage our local insight to offer the most comprehensive suite of currency-hedged international equity ETFs in the US.”
Serving a broad client base, Deutsche X-trackers uses its global reach to offer distinct, relevant investor solutions within today’s marketplace. In addition to the growth of its currency-hedged suite, Deutsche’s X-trackers platform was the first provider to offer access to China’s equity markets, and most recently, was first to offer a US-listed ETF to track the JPX-Nikkei 400 Index with Deutsche X-trackers JPX-Nikkei 400 Index (Ticker: JPN).
“As we build upon this milestone, we remain committed to our strategy of growing our market share by creating differentiated, indexing products and strategies that anticipate investors’ portfolio needs,” says Bassett. “Our goal is to create products that address investors’ unmet needs, optimise portfolios and enhance risk-adjusted returns over the long term.”
