Deutsche Asset Management (Deutsche AM) has launched six new Xtrackers ETFs providing exposure to US equity sectors.
Sectors covered are energy, healthcare, information technology, financials, consumer discretionary and consumer staples. The new ETFs, which are based on MSCI USA indices, all have a competitively-priced annual All-in Fee of 0.12%.
The latest launch complements the existing Xtrackers equity sector ETFs providing exposure to global sectors and to European sectors.
Michael Mohr, Deutsche AM’s Head of ETF Product Development, commented: “As ETFs are increasingly being used as tactical asset allocation tools, there is demand from investors for granular exposure on a sector basis. These very competitively-priced ETFs on US sectors will help meet that demand, and their launch demonstrates once again our determination to provide investors with all the tools they need to meet their asset allocation needs.”
A white paper(2) from Deutsche AM’s ETF quantitative research group published earlier this year demonstrates how sector ETFs can be used to establish sector rotation strategies, and how equity factors (such as the ‘value factor’, the ‘momentum factor’, etc.) can be used as signals to rotate sector exposures.
The new ETFs listed on the Deutsche Börse on Friday September 15, 2017, and are due to list on the London Stock Exchange on September 19, 2017.
For further information please contact:
Deutsche Asset Management
|Name of ETF||
All-in Fee Per % annum
|db x-trackers MSCI USA Financials Index UCITS ETF (DR)*||0.12%||XUFN||USD|
db x-trackers MSCI Information Technology Index UCITS ETF (DR)*
|db x-trackers MSCI USA Consumer Discretionary Index UCITS ETF (DR)*||0,12%||XUCD||USD|
|db x-trackers MSCI USA Consumer Staples Index UCITS ETF (DR)*||0,12%||XUCS||USD|
|db x-trackers MSCI USA Health Care Index UCITS ETF (DR)*||0,12%||XUHC||USD|
|db x-trackers MSCI USA Energy Index UCITS ETF (DR)*||0,12%||XUEN||USD|
*A sub-fund of Concept Fund Solutions Plc.
Deutsche Asset Management With EUR 711 billion of assets under management (as of June 30, 2017), Deutsche Asset Management is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.
Investors should note that the db X-trackers UCITS ETFs1 are not capital protected or guaranteed and investors should be prepared and able to sustain losses of the capital invested up to a total loss.
Shares in db X-trackers UCITS ETFs which are purchased on the secondary market cannot usually be sold directly back to the relevant fund. Investors must purchase and redeem such shares on the secondary market with the assistance of an intermediary (e.g. a market maker or a stock broker) and may incur fees for doing so (as further described in the applicable prospectus). In addition, investors may pay more than the current net asset value of a share in a db X-trackers UCITS ETF when buying shares on the secondary market, and may receive less than the current net asset value when selling such shares on the secondary market.
Investments in funds involve numerous risks including, among others, general market risks, credit risks, foreign exchange risks, interest rate risks and liquidity risks. The value of an investment in a db X-trackers UCITS ETF may go down as well as up and investors may not get back the full amount of their original investment.
This press release has been issued in the UK and approved by Deutsche Asset Management (UK) Limited. Deutsche Asset Management (UK) Limited is authorised and regulated by the Financial Conduct Authority..
Please refer to the relevant fund’s full prospectus and the latest version of the Key Investor Information Document for more information on db X-trackers UCITS ETFs. These documents are available free of charge from Deutsche Bank AG, London Branch and constitute the only binding basis for purchase of shares in the ETFs. As explained in the relevant offering documents, distribution of ETFs is subject to restrictions in certain jurisdictions. The ETFs described herein may neither be offered for sale nor sold in the USA, in Canada, in Japan to US Persons or to persons residing in the USA.
db x-trackers UCITS ETFs are all ETFs of one of the following platforms: db x-trackers, db x-trackers II or Concept Fund Solutions plc. © Deutsche Asset Management (UK) Limited 2017.
1 . Investors should be aware that in addition to the All-In Fee, the ETF may incur other costs which may negatively impact the performance of their investment relative to the underlying index. Examples include: Brokerage and other transaction costs, financial transaction taxes or stamp duties as well as potential differences in taxation of either capital gains or dividend assumed in the relevant underlying index, and actual taxation of either capital gains or dividends in the ETF. The precise impact of these costs cannot be estimated reliably in advance as it depends on a variety of non-static factors. Investors are encouraged to consult the audited annual- and un-audited semi-annual reports for details. 2 Sector Rotation: a multi-factor perspective, Passive Insights, Deutsche Asset Management, March 2017. http://www.etf.deutscheam.com
2 . Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group. The respective legal entities offering products or services under the Deutsche Asset Management brand are specified in the respective contracts, sales materials and other product information documents.