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Xtrackers changes name and underlying index of China A-Shares ETF


The Xtrackers CSI 300 China A-Shares Hedged Equity ETF (ASHX) is changing its name to Xtrackers MSCI China A Inclusion Equity ETF and switching its underlying index to the MSCI China A Inclusion Index. 

The new index is designed to track the progressive partial inclusion of A shares in the MSCI Emerging Markets Index over time.

Effective immediately, the gross and net expense ratio for ASHX has been permanently reduced to 0.60 per cent from 1.35 per cent gross and 0.70 per cent net expense ratios, making the fund the most cost-effective pure China A-shares exposure ETF in the US ETF market.

In addition, the net expense ratio for Xtrackers MSCI All China Equity ETF (NYSE Arca: CN) was reduced to 0.50 per cent from 0.62 per cent effective 1 June , 2018.

“China is the world’s second largest economy and its equity market has become increasingly accessible for international investors,” says Fiona Bassett, Global Co-Head of Passive Asset Management. “We are always looking for ways to provide clients access to new markets. DWS was the first to offer ETF clients an investment opportunity to onshore China through our Xtrackers Harvest CSI 300 China A-Shares ETF. Now, with the changed underlying index for ASHX, investors will be able to fine-tune their exposure to Chinese capital markets as MSCI works to introduce more A shares into their Global Standard Indices.”

With the changed investment objective, ASHX seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI China A Inclusion Index. The index tracks Chinese A shares that can be accessed through the Stock Connect program.

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