Deutsche AM launches benchmark int’l equity ETF suite

Deutsche Asset Management (Deutsche AM) announced the launch of Xtrackers Germany Equity ETF (Bats: GRMY) and Xtrackers Eurozone Equity ETF (Bats: EURZ), effective October 27, 2017.
Each of GRMY and EURZ will have an expense ratio of 0.15% and will provide benchmark exposure to the stock markets of Germany and the Eurozone respectively. Each of GRMY and EURZ will be offered by changing the investment objective and investment policy of two existing Xtrackers ETFs, Xtrackers MSCI Italy Hedged Equity ETF (DBIT) and Xtrackers MSCI Southern Europe Hedged Equity ETF (DBSE), respectively.

Additionally, Deutsche AM has announced the reduction of the expense ratio effective October 27, 2017 for Xtrackers Japan JPX-Nikkei 400 Equity ETF (NYSE: JPN) to 0.15%. JPN provides investors with benchmark exposure to the Japanese stock market by tracking the JPX-Nikkei 400 index.

ETF details:
GRMY seeks to track the Nasdaq Germany Large Mid Cap Index, which is designed to track the performance of the German equity market.

EURZ seeks to track the Nasdaq Eurozone Large Mid Cap Index, which is designed to track the performance of equity securities from issuers based in the countries in the Economic and Monetary Union of the European Union.

JPN seeks to track the JPX-Nikkei 400 Total Return Index, a benchmark consisting of 400 Japanese securities that pass a rigorous screening process. The index uses indicators such as return on equity, cumulative operating profit, and market capitalization to select high-quality, capitally-efficient Japanese companies.

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