Deutsche Bank has launched eight db x-trackers Exchange Traded Funds focused on regional and country indices. The new ETFs are linked to DAX, SMI, S&P/MIB, DJ EURO STOXX50, MSCI USA, MSCI JAPAN, MSCI EUROPE and MSCI WORLD INDEX.
“With the listings covering major country and regional indices, Deutsche Bank intends to become a leading provider of ETFs in Europe”, says Garth Ritchie, European head of global markets equity at Deutsche Bank. “We are seeing increasing demand from private and institutional investors in Europe for passive investment instruments and as a result we are launching the db x-trackers ETF initiative. We want to provide an attractive range of products covering country and regional indices backed by a commitment to provide quality market making. The experience of the US has shown that ETFs are popular with self-directed retail investors and Deutsche Bank has considerable experience of targeting these markets in Europe.”
In 2007 Deutsche Bank plans to expand its range of ETFs to cover equity indices and other asset classes and innovations. The db x-tracker ETFs will soon be offered in other European markets.