Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: How David Esfandi is shaping Canaccord Genuity WM

Profile: How David Esfandi is shaping Canaccord Genuity WM

After six months as chief executive of Canaccord Genuity David Esfandi's ambitions are taking shape

Wealth Manager on Twitter