Deutsche cross-lists six US sector ETFs to SIX

Nov 2nd, 2017 | By | Category: Equities

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Deutsche Asset Management has cross-listed six US sector ETFs onto SIX Swiss Exchange. The ETFs are listed in dollars and provide exposure to US equities in the consumer discretionary, consumer staples, financials, information technology, healthcare and energy sectors.

Simon Klein, head of passive distribution, EMEA and APAC, Deutsche Asset Management

Simon Klein, head of passive distribution, EMEA and APAC, Deutsche Asset Management

The cross-listings follow the ETFs’ debut on the Deutsche Börse in September this year and cross-listing on the London Stock Exchange (LSE).

The ETFs are based on sector sub-indices of the MSCI USA Index, which is designed to measure the performance of the large- and mid-cap segments of the US equity market. With more than 600 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in the US.

At the launch, Simon Klein, head of passive distribution, EMEA and APAC, Deutsche Asset Management, commented: “We already have sector ETFs for Europe and the world. The new sector ETFs based on the MSCI USA give investors the flexibility to trade at a more granular level than region or country. As ETFs are used more tactically, this kind of granularity is important.”

The ETFs and their assets under management are as follows:

db x-trackers MSCI USA Consumer Discretionary Index UCITS ETF (XUCD) ­– $6.2m
db x-trackers MSCI USA Consumer Staples Index UCITS ETF (XUCS) ­– $4.7m
db x-trackers MSCI USA Financials Index UCITS ETF (XUFN) ­– $126m
db x-trackers MSCI USA Information Technology Index UCITS ETF (XUTC) ­– $6.8m
db x-trackers MSCI USA Health Care Index UCITS ETF (XUHC) ­– $4.8m
db x-trackers MSCI USA Energy Index UCITS ETF (XUEN) ­– $5.2m

The ETFs each have a total expense ratio of 0.12%.

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