Deutsche Bank has marked its 10th anniversary as an ETF provider by launching a salvo into the ongoing passive pricing war, cutting the fees on some of its largest products by up to a third.
The total expense ratio of the company’s db X-trackers S&P 500 ETF will fall from 0.2% to 0.15%, while the all-in cost of its MSCI Europe Index Ucits fund will fall from 0.5% to 0.4%.
The cost of a series of its less liquid, more specialist products such its MSCI World Utilities, World Energy and World Telecom funds will fall from 0.45% to 0.3%. The full list of 28 funds can be found here.
Head of Deutsche’s passive asset management business in Europe & the Middle East Manooj Mistry said: ‘Our aim is to provide highly efficient, quality index trackers for our clients, and also position Deutsche AM for a further 10 years as a leading ETF provider.’