Deutsche Bank, preparing to list exchange-traded funds in Hong Kong, Singapore and Japan, says its x-trackers series will repeat the success it has recently enjoyed in Europe.
Deutsche Bank entered the European market for exchange-traded funds (ETFs) only 18 months ago and now claims a nearly 14% market share of assets, totalling 15.1 billion ($22.2 billion). Next up: Asia.
The investment bank intends to list products from its ETF series, db x-trackers, in Hong Kong in the next few weeks, to be followed by Singapore and Tokyo. Some will come from the existing range, including funds in equities, fixed income, currency and commodities, and the firm will also launch a few with an Asian flavour, says Thorsten Michalik, Frankfurt-based managing director of the db x-trackers business.
The full story is available at the Asian Investors web-site.