Deutsche AWM launches direct replication ETF on the Nikkei
28 February 2013
By ETFI Asia
Deutsche Asset & Wealth Management (Deutsche AWM), the provider of db x-trackers exchange-traded funds (ETFs), has launched a direct replication ETF on Japan’s Nikkei 225 Index.
The db x-trackers Nikkei 225 UCITS ETF (DR) provides full, direct replication of the underlying index and has a total expense ratio of 0.5% per annum. The launch is the latest in Deutsche AWM rollout of a new range of direct replication ETFs. In December, the firm launched direct replication db x-trackers on the FTSE 100 Index, the Euro STOXX 50 Index and the Euro STOXX 50 Ex Financials Index.
Manooj Mistry, head of exchange-traded products, EMEA, at Deutsche AWM, commented: “We’ve noted a pick-up in interest this year from investors looking to take Japanese equity market exposure, so the launch of this new ETF is perfectly timed.”
Deutsche AWM now offers both direct and indirect replication db x-trackers ETFs on Japanese equity underlyings. It also offers GBP-hedged exposure to Japanese equities via a GBP-hedged share class of the db x-trackers MSCI Japan Index UCITS ETF.
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