EUROPE - Deutsche Bank has announced it planned to launch over 40 new ETFs in the coming months, in the hope of conquering the European ETF market.
Deutsche Bank planned to list the ETFs across the major European markets and will list ETFs for the first time in Switzerland during May and in the UK in early June.
The ETFs would cover multiple asset classes, equities, bonds, money market, credit and commodities as well as provide exposure to new benchmark indices for the first time.
The new products include the first ETFs on the ShortDAX and DJ EURO STOXX 50 Short Index, the first ETF on the DJ STOXX Global Select Dividend 100 Index, the first ETFs on the S&P CNX Nifty (India) and KOSPI 200 (Korea) indices as well as ETFs linked to FTSE indices and ETFs on credit swap indices (iTraxx).
Deutsche Bank head of equities in Europe Garth Ritchie said: “We have built our ETF platform aggressively because Deutsche Bank was committed to being a leading player in the European market.”
Deutsche Bank said ETFs are passive investment funds that replicate the performance of indices and trade on stock exchanges in the same way as other exchange listed securities. As ETFs do not require active management they can be offered with competitive fees.
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