Deutsche X-trackers lowers fees across suite of US-listed China ETFs

Aug 2nd, 2016 | By | Category: Equities

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Europe’s second largest provider of exchange-traded funds Deutsche Asset Management (Deutsche AM) has reduced the total expense ratios (TERs) on four of its Deutsche X-trackers ETFs focused on targeting Chinese equity exposure.

Deutsche X-Trackers lowers fees across suite of US-listed China ETFs

Fiona Bassett, Head of Passive in the Americas for Deutsche Asset Management.

The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (NYSE Arca: ASHR) has reduced its TER from 0.80% to 0.65%. The fund allows US investors to directly access Chinese A-Shares by tracking the CSI 300 Index, a market cap-weighted reference for the 300 largest and most liquid companies listed on the Shanghai or Shenzhen stock exchanges. The ETF has proven to be one of Deutsche AM’s most popular launches on its US platform with assets under management, as of 2 August 2015, of over $400m.

The Deutsche X-trackers CSI 300 China A-Shares Hedged Equity ETF (NYSE Arca: ASHX) has reduced its TER from 0.85% to 0.70%. The fund provides the same exposure as ASHR, offering direct access to China A-Share equities, but mitigates exposure to fluctuations between the value of the Chinese renminbi and the US dollar.

The Deutsche X-trackers Harvest CSI 500 China-A Shares Small Cap ETF (NYSE: ASHS) has reduced its TER from 0.80% to 0.65%. The fund tracks the CSI 500 Index and was the first US-listed fund to offer investors direct access to small-cap China A-Share equities. The index is a market cap-weighted reference for the 500 largest shares listed on mainland China which are not components of the CSI 300 Index.

The Deutsche X-trackers MSCI All China Equity ETF (NYSE Arca: CN) has reduced its TER from 0.71% to 0.63%. The fund tracks the MSCI China All Shares Index which captures large and mid-cap representation across China A-shares, B-shares, H-shares, Red-chips, and P-chips, listed on the Shanghai, Shenzhen and Hong Kong stock exchanges.

“Delivering distinctive, relevant and cost-effective solutions to our clients has always been a top priority for our business,” commented Fiona Bassett, Head of Passive Strategy for the Americas. “Our Deutsche X-trackers China ETF suite of funds seeks to provide investors with the most comprehensive ETF exposure to the Chinese securities market. As a first to offer an ETF that provides broad access to the Chinese equity market, Deutsche X-trackers remains committed to offering our clients innovative products for their international investing needs.”

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