DWS has cut the fees on its EUR cash and US Treasuries fixed income ETFs within its Xtrackers range.
The firm writes that the fee cuts come as assets continue to flow into fixed income products, with government bond Xtrackers ETFs receiving around EUR1 billion in new investments year-to-date.
The Xtrackers US Treasuries ETF range provides exposure to US government bonds – nominal bonds across the yield curve, including short duration (one to three-year focus) and inflation-linked exposures.
“We are making our US Treasuries and EUR cash offering even more attractive for our clients at a time when, particularly with increased volatility, investors are trading more fixed income exposures using ETFs,” says Blanca Koenig, Fixed Income Strategist at DWS.
The fee cuts come as some other Xtrackers government bond ETFs reach asset milestones: Xtrackers II Eurozone Government Bond UCITS ETF now exceeds EUR2 billion in assets, while the Xtrackers II Global Government Bond UCITS ETF, proving popular thanks to its currency-hedged share classes, is now close to EUR1 billion in assets under management. Both ETFs are the largest UCITS ETFs in the market for their respective exposures, the firm writes.
The Xtrackers II EUR Cash Swap UCITS ETF had an old annual all in fee of 0.15 per cent, now reducted to 0.10 per cent: the Xtrackers II US Treasuries UCITS ETF was 0.15 per cent and is now 0.12 per cent; the Xtrackers II US Treasuries UCITS ETF EUR hedged was 0.20 per cent and is now 0.17 per cent; the Xtrackers II US Treasuries 1-3 UCITS ETF was 0.15 per cent and is now at 0.12 per cent and the Xtrackers II US Treasuries Inflation-Linked UCITS ETF had an old annual all in fee of 0.20 per cent and is now 0.12 per cent.