The new ETF is the db x-trackers MSCI World Index UCITS ETF and has a total expense ratio (TER) of 0.19 percent.
It bring the total core ETFs from db X-trackers to a total of eight products. The ETFs are physically backed, provide exposure to global developed market equities and include:
db x-trackers MSCI USA Index UCITS ETF with TER of 0.07
db x-trackers FTSE 100 UCITS ETF with a TER of 0.09
db x-trackers DAX® UCITS ETF with a TER of 0.09
db x-trackers DAX® UCITS ETF ± Income with a TER of 0.09
db x-trackers Euro Stoxx 50 UCITS ETF ± capitalizing with a TER of 0.09
db x-trackers Euro Stoxx 50 UCITS ETF ± distributing with a TER of 0.09
db x-trackers Nikkei 225 UCITS ETF 1D with a TER of 0.25
The provider’s Core range competes only with iShares core range, which was also launched this year. The db x-trackers MSCI World Index UCITS ETF (DR), which has a fee of 0.19 percent, is now one of the most competitive ETFs in its market segment, according to DeAWM.
Simon Klein, head of ETP sales, EMEA and Asia, at DeAWM said: “Our Core range of low-cost ETFs are proving to be very popular with investors. The addition of an ETF providing global developed market equity exposure fills an important gap, and with an all-in fee of 0.19 percent per year, we expect to see significant demand for the new listing.”
The core ETF range has attracted over €600 million of inflows in 2014 (Source: DeAWM, as at 18 July 2014).