The db x-trackers MSCI AC Far East ex Japan UCITS ETF is based on the performance of Asian stock corporations and also uses currency hedging to help mitigate foreign exchange movements.
The ETF tracks the MSCI AC Far East ex Japan Monthly EUR hedged TRN Index, which is designed to reflect the performance of the shares of certain companies in developed and emerging markets in the Far East, excluding Japan. These countries include China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.
The hedging overlay is then designed to help against exchange rate fluctuations between the euro and US dollar.
The index is calculated on a total return net basis, meaning that all dividends and distributions by the companies are reinvested in the shares after tax. The Index is reviewed at least quarterly and rebalanced at least semi-annually.
The ETF has a total expense ratio of 0.7 percent.
Earlier this year db X-trackers launched one of the first physically backed China A-shares ETFs. The ETF tracks the CSI300 and has a TER of 1.1 percent