Deutsche Asset Management (Deutsche AM) announced today the launch of Xtrackers Germany Equity exchange-traded fund (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.[1]
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.
“Globally, we have been offering ETFs linked to international benchmark indices for more than 10 years and are currently managing $15.6 billion in ETF assets linked to benchmarks for the Eurozone, Germany and Japan. These capabilities and our European heritage mean that we are well-positioned to bring meaningful efficiencies and cost savings to US investors for these exposures,” Fiona Bassett, Head of Passive Asset Management, Americas, said.
“Nasdaq’s collaboration with Deutsche Asset Management on these new ETFs is a positive step forward in market access,” said David Gedeon, Vice President and Product Manager for Nasdaq’s Global Index Research. “We launched our global equity family to provide the efficient benchmark exposure asset managers and investors need to meet their goals in today’s investment landscape and are thrilled to see these products launch.”
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.
Overview of the fee changes:
| Old Fund Name | Old Fund Ticker | Old Expense Ratio | New Fund Name | New Fund Ticker | New Expense Ratio |
| Xtrackers MSCI Italy Hedged ETF | DBIT | 0.45% | Xtrackers Germany Equity ETF | GRMY | 0.15% |
| Xtrackers MSCI Southern Europe Hedged ETF | DBSE | 0.45% | Xtrackers Eurozone Equity ETF | EURZ | 0.15% |
| ETF | Ticker | Old Expense Ratio |
New Expense Ratio |
| Xtrackers Japan JPX-Nikkei 400 Equity ETF | JPN | 0.40% | 0.15% |
To find out more about the Xtrackers ETFs available in the US, visit: www.Xtrackers.com.
[1] Each of GRMY and EURZ will be offered by changing the investment objective and investment policy of two existing Xtrackers ETFs, DBIT and DBSE, respectively.
