Xtrackers, the ETF and ETP business of DWS, has broken through the €100 billion mark in assets under management, reporting global assets of €104.9 billion as of the end of Q3 2019.
DWS’s Xtrackers business has surpassed €100 billion in assets under management.
Xtrackers rolled out its first ETFs in 2007 when it was then a division of German banking giant Deutsche Bank.
The Frankfurt-based issuer is the second-largest ETF provider in Europe – BlackRock’s iShares business holds the top spot – and the first European headquartered ETF business to surpass €100bn in assets.
The milestone has been reached on the back of strong industry-wide asset flows (year-to-date inflows for the global ETF/ETP industry are around the $350bn mark), positive market performance, and company-specific product successes.
The issuer has ETFs and ETPs listed on eleven exchanges globally and offers more than 170 products covering a range of asset classes, strategies, and exposures.
In Europe, its best-known funds include the $7.0bn Xtrackers S&P 500 Swap UCITS ETF (XSPU LN), the $6.8bn Xtrackers MSCI USA UCITS ETF (XD9U LN) and the $6.4bn Xtrackers Euro Stoxx 50 UCITS ETF (DR) (XESC GY). Within their peer groups, each of these funds is amongst the most liquid in Europe, featuring prominently on most-traded lists.
In the US, where it debuted in 2011 with a suite of currency-hedged ETFs, its headline products include the $5.1bn Xtrackers MSCI EAFE Hedged Equity ETF (DBEF US), the $3.7bn Xtrackers USD High Yield Corporate Bond ETF (HYLB US) and the $1.7bn Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR US).
Commenting on the milestone, Manooj Mistry, DWS’s Global Head of Index Investing, said, “Since launching our first ETFs in 2007 we have been committed to offering quality tracking products to investors across the globe. That focus on the investor will always be our driver.”
Simon Klein, Head of Passive Sales, Europe & Asia-Pacific, added, “DWS Xtrackers has met this important milestone at a time when we continue to evolve to meet the aspirations of our clients. Many large investors today, for example, have a focus on stewardship, which is now an integral part of our investment process.”