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Deutsche switches 18 equity ETFs to direct replication

Deutsche switches 18 equity ETFs to direct replication

Deutsche Asset & Wealth Management is to convert a further 18 of its equity exchange traded funds (ETFs) over to a direct replication model.

The group originally favoured a swap-based approach but in recent times has been switching its ETFs over to directly replication in response it says to investor demand.

Last year it converted a number of ETFs tracking the major equity indices and today’s announcement will see this extended and will take its direct replication ETF model up to €9.5 billion in assets under management, the second largest in size in Europe after iShares.

The latest ETFs being switched over include its products tracking the MSCI Europe, Euro Stoxx 50, FTSE 100, FTSE 250 and FTSE Epra/Nareit Developed Europe Real Estate ETFs.

Deutsche Asset & Wealth Management’s head of passive asset management Richard Bellet said: ‘Our direct replication platform is now well established and is delivering the same high standards of transparency and operational efficiency investors traditionally associate with db X-trackers ETFs.

‘This, together with the fact that in some areas investors have shown a clear preference for direct replication offerings, gives us the confidence to fully realise our physical replication capability.’  

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