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Deutsche Asset Management’s US ETFs renamed as Xtracker

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Deutsche Asset Management (Deutsche AM) has renamed its US exchange-traded funds (ETFs) as Xtrackers to harmonise the fund names with the change previously announced for European and Asian ETFs and exchange-traded commodities (ETCs).

Deutsche X-trackers will be replaced with “Xtrackers” to further align with Deutsche AM’s other index trackers. The US suite of ETFs, with more than USD12.5 billion in AUM (as of 31 August, 2017) in 35 ETFs, provides unique investment opportunities to clients through products offering access to brand new marketplaces, funds that seek better risk-adjusted returns, and products that provide the potential ability to benefit from further efficiencies in the market.
 
“As an asset manager with deep roots in Europe, it was important for our global businesses to align to better capitalise on our truly global reach,” says Fiona Bassett, Head of Passive Asset Management for the Americas. “In the US, investors turn to Xtrackers for trailblazing products such as our China A-shares suite and the most cost efficient high-yield ETF in the US market – HYLB. The new branding will further support a more unified and distinctive product suite worldwide.”
 
The new fund names will take effect on 2 October, 2017. The change will alter Deutsche AM ETFs names and marketing materials, but will not impact the name of the trust entity nor its investment adviser.
 

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