Deutsche Asset & Wealth Management is expanding its range of ‘Core-ETFs’ with the launch of a direct replication ETF tracking the MSCI USA Index that comes with an All-in Fee (TER)* of 0.09% per annum (9 basis points)……
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The db x-trackers MSCI USA Index UCITS ETF (DR) provides exposure to the US large and mid-cap market, tracking the performance of over 600 underlying stocks. The index is a key benchmark for the US equity market.
With their low management fees, db X-trackers ‘Core-ETFs’ aim to serve the needs of all types of investors seeking efficiency in holding and trading ETFs.
Other ETFs in the range provide exposure to the FTSE 100 Index, Euro Stoxx 50 Index, and the DAX Index, all with an All-in Fee of 0.09%, making them the lowest priced ETFs in Europe in their market segment (as at 8th May, 2014).
The range also includes the competitively priced db x-trackers Nikkei 225 UCITS ETF (DR), which has an All-in Fee of 0.25% per annum, and again is the lowest-priced ETF available for that market exposure (Source: DB Research, as at 8th May, 2014).
All funds in the ‘Core-ETF’ range are physical replication ETFs. The db x-trackers MSCI USA Index UCITS ETF (DR) does not engage in securities lending.
Simon Klein, DeAWM’s Head of Exchange Traded Product Sales, EMEA and Asia, commented: “Our new ETF tracking the MSCI USA Index for a fee of just nine basis points has already attracted over $200 million in investment prior to listing. Investors appreciate not just the low annual management charge but also the efficient set-up we have in place to provide good quality tracking so as to ensure low overall total cost of ownership.”
The db x-trackers MSCI USA Index UCITS ETF (DR) has been listed on the Deutsche Börse today.
Source: ETFWorld.co.uk
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