db x-trackers – Deutsche Bank’s Exchange Traded Funds (ETFs) platform, has raised more than 10 billion of assets in record time since launching 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 10%.
“One interesting aspect of our growth is that we were the European ETF provider with the highest inflow of assets over the last six months. We captured more than 50% of new inflows of assets into ETFs during this period,” says Thorsten Michalik, head of db xtrackers at Deutsche Bank.
The db x-trackers ETF on EONIA, the EUR overnight money market interest rate tracker, has raised assets of 2 billion making it the largest fixed income ETF in Europe and at the same time the most successful ETF that has ever been issued in Europe.
“With our db x-trackers ETFs on Equity, Fixed Income, Currency and Commodity indices we now cover all major asset classes. More than 80% of our assets have been raised from institutional investors such as pension funds, asset managers and private banks. We have seen increased activity from retail investors over the last few weeks – especially self directed investors,” says Manooj Mistry head of db x-trackers structuring.
Deutsche Bank also offers ETFs in the USA and South Africa. Last week, the two ITrix ETFs in South Africa were rebranded as db x-trackers and are to be followed by the launch of three new ETFs. The total assets under management for Deutsche Bank ETFs globally is around 15 billion, which makes Deutsche Bank the seventh largest provider of ETFs globally.
Assets under management in ETFs in Europe were 89.17 billion at the end of 2007. There are currently 81 db x-tracker ETFs with 185 listings in Germany, UK, France, Italy and Switzerland.