DWS has reduced the annual all-in fee on two more share classes of its Xtrackers ETFs. The annual all-in fee (total expense ratio or TER) for the unhedged share class of Xtrackers II USD Emerging Markets Bond UCITS ETF (2D share class) has been reduced to 0.25 per cent from 0.35 per cent, while the TER for Xtrackers MSCI Europe UCITS ETF (1D share class) has fallen to 0.12 per cent from 0.25 per cent.
The latest fee reductions follow a September decrease in the total expense ratio on four share classes of Xtrackers MSCI EMU UCITS ETF, with currency-hedged share classes falling from 0.25 per cent per annum to 0.17 per cent, while the annual fee on the unhedged share class fell from 0.15 per cent to 0.12 per cent. Also in September, the total expense ratio on the GBP-hedged share class of Xtrackers S&P 500 UCITS ETF was lowered to 0.09 per cent, having previously been 0.20 per cent.
“We are happy to pass on the benefits of economies of scale to our investors as our ETF volumes increase, and as always our aim is to make Xtrackers some of the most competitive ETFs on the market,” says Simon Klein, DWS’s Head of Passive Sales for Europe and Asia Pacific.
The Xtrackers ETFs that have had their fees reduced this year represent a combined EUR 3.9 billion in assets and have benefited from approximately EUR 970 million in net new assets invested over the last 12 months.