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Deutsche slashes major ETF fees to 9bp

by Robert St George on Feb 10, 2014 at 11:37

Deutsche slashes major ETF fees to 9bp

Deutsche Asset & Wealth Management has cut the all-in fees on some of its largest exchange-traded funds (ETFs) to 0.09%.

The total expense ratio (TER) for the db x-trackers FTSE 100 Ucits ETF has dropped from 0.3% to 0.09%, for the db x-trackers DAX Ucits ETF from 0.15% to 0.09%, and for the db x-trackers Nikkei 225 Ucits ETF from 0.5% to 0.25%.

Deutsche is also to launch an MSCI USA ETF later this quarter with a 0.09% total expense ratio, and to reduce its EuroStoxx 50 ETF down to 0.09% as well following its switch from indirect to direct physical replication, in the weeks ahead.

The other ETFs are already structured for direct physical replication, following Deutsche’s move in December to convert 18 popular ETFs from a synthetic model.

‘With this range of low TER ETFs we aim not just to enhance our offering to current investors, but also to broaden our investor base. The combination of low TERs, intraday liquidity, visibility and transparency offered by our ETFs should make them appeal to an even wider cross-section of the investor community,’ said Reinhard Bellet, head of passive asset management at Deutsche Asset & Wealth Management.

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