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Deutsche Bank ETFs raise €15 billion assets in 18 months

Deutsche Bank Exchange Traded Funds (db x-trackers) have raised more than €15 billion of assets in 18 months since the platforms launch in January 2007.

Deutsche Bank is now the third largest ETF provider in Europe by assets under management with a market share of more than 14%.

"One interesting aspect of our growth is that we raised our assets under management by over €7.2 billion in the first six months of 2008." commented Thorsten Michalik, head of db x-trackers at Deutsche Bank. "With our product range we are well prepared for the growing demand after tax optimized investment funds. I am very confident that the introduction of the capital gain compensation tax in 2009 will help our platform continue to grow rapidly," says Michalik.

Since the launch in early 2007 db x-trackers released 86 ETFs with 240 listings in Germany, UK, France, Italy and Switzerland. In the second half of 2008 db x-trackers will expand their business to Asia by introducing their ETFs in Japan, Hong Kong and Singapore.

The European ETF market consists of 29 ETF providers, featuring 497 ETFs with 1,627 different listings. The Assets under management in Exchange Traded Funds (ETFs) in Europe were €107.62 billion at the end of July 2008. The current average management fee was equal to 33 basis points.

The statistics quoted above have been sourced from the weekly research reports European Listed Exchange Traded Funds - ETF Liquidity Trends by Nizam Hamid and Yvonne Sandford in the Portfolio & Index Strategy Team.


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