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
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter