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Deutsche Asset Management lowers expense ratio and changes underlying index for High Dividend Yield Equity ETF suite


Deutsche Asset Management, effective 13 February, 2018, has reduced the net expense ratios for two high dividend yield equity Xtrackers exchange-traded funds (ETFs) – the Xtrackers MSCI All World ex-US High Dividend Yield Equity ETF (HDAW) and the Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) – from 0.20 per cent to 0.45 per cent.

In addition to the fee reduction, HDAW and HDEF will begin to track the unhedged version of their respective indices. HDAW seeks to track the performance, before fees and expenses, of the MSCI ACWI ex USA High Dividend Yield Index. HDEF seeks to track the performance, before fees and expenses, of the MSCI EAFE High Dividend Yield Index.
“Driven by historically low bond yields, some investors are looking for alternatives to income-oriented investments. With interest rates globally currently at low levels, equities paying higher dividend rates could be an attractive option to meet ongoing income requirements within portfolios,” says Fiona Bassett, Global Co-Head of Passive Asset Management. “Relatively high equity market dividends, especially in today’s low rate environment, suggest our suite of dividend-focused ETFs can act as cost-effective supplements or alternatives to income strategies.”

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