db X-trackers Converts 12 More ETFs To Physical

June 04, 2014

Deutsche Asset & Wealth Management is to convert 12 more db X-tracker exchange traded funds to a physical replication as it continues to pull away from the synthetic (swap-based) model it has traditionally been known for using.

db X-trackers has already switched 18 of its ETFs from synthetic to physical in the first half of the year, a move which made db X-trackers one of the largest physical ETF providers in Europe.

The 12 ETFs to be converted largely cover exposures to the equity markets of countries in the Asia-Pacific region and represent approximately €2.5 billion in assets.

Arne Noack, DeAWM’s head of exchange traded product development, EMEA, said in a statement: “With the conversion of these funds DeAWM further expands its physical replication ETF offering, while at the same time becoming a significant provider of physical replication ETFs on the Hong Kong and Singapore stock exchanges.”

DeAWM last year launched the world’s first physical replication ETF outside of China to provide exposure to domestic Chinese A-Shares. The db X-trackers Harvest CSI 300 China A-Shares Fund listed in the U.S. on the NYSE in November providing exposure to the CSI300 Index. This was followed by the European launch of the db x-trackers Harvest CSI300 Index UCITS ETF in January on exchanges in London, Milan and Frankfurt.





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