Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Deutsche slashes major ETF fees to 9bp

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter