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Deutsche launches euro-hedged MSCI World ETF
by Robert St George on Sep 10, 2013 at 09:30
Deutsche Asset & Wealth Management has launched a euro-hedged share class of the db x-trackers MSCI World Index Ucits ETF.
Listed on the Deutsche Börse, the ETF has the ticker XWEH and its total expense ratio is 0.52%.
‘Increasing numbers of our clients are asking for currency-hedged exposure as they’ve witnessed the potentially diluting impact un-hedged exposure can have on their international equity performance,’ explained Simon Klein, head of exchange-traded product sales for EMEA and Asia at Deutsche. ‘The euro-hedged MSCI World Index exposure will therefore be an important and welcome addition to our offerings.’
Over the past year, the MSCI World index has risen by 17.8% in sterling terms but only 11.6% when denominated in euros and 15.5% in US dollars.
‘Currency-hedged exposure is an important product development theme, and we will be looking in future to add more currency-hedged offerings to our product line-up,’ observed Manooj Mistry, Deutsche’s EMEA head of exchange-traded products.