DWS cuts fees for EUR cash and US Treasuries Xtrackers - ETFs as assets under management increase

DWS has further increased the competitiveness of its Xtrackers range by cutting the annual management charges on its EUR cash and US Treasuries fixed income ETFs.

The fee cuts, as outlined in the table below, come as assets continue to flow into fixed income products, with government bond Xtrackers ETFs receiving around EUR 1 billion in new investments year-to-date[1]. The Xtrackers US Treasuries ETF range provides exposure to US government bonds – nominal bonds across the yield curve, including short duration (one to three-year focus) and inflation-linked exposures.

“We are making our US Treasuries and EUR cash offering even more attractive for our clients at a time when, particularly with increased volatility, investors are trading fixed income exposures using ETFs,” said Blanca Koenig, Fixed Income Strategist at DWS.

The fee cuts come as some other Xtrackers government bond ETFs reach important asset milestones: Xtrackers II Eurozone Government Bond UCITS ETF now exceeds EUR 2 billion in assets, while the Xtrackers II Global Government Bond UCITS ETF, proving popular thanks to its currency-hedged share classes, is now close to EUR 1 billion in assets under management. Both ETFs are the largest UCITS ETFs in the market for their respective exposures.[2] 

ETF

Old Annual All-in Fee

New Annual All-in Fee

ISIN

BBG Code

Xtrackers II EUR Cash Swap UCITS ETF                                                       

0.15%

0.10%

 

LU0290358497

XEON

Xtrackers II US Treasuries UCITS ETF

0.15%

0.12%

LU0429459356

XUTD

Xtrackers II US Treasuries UCITS ETF EUR hedged

0.20%

0.17%

LU1399300455

XUTE

Xtrackers II US Treasuries 1-3 UCITS ETF

0.15%

0.12%

LU0429458895

XUT3 (LN)/ D5BE (GE)

Xtrackers II US Treasuries Inflation-Linked UCITS ETF

0.20%

0.12%

LU0429459513

XUIT (LN)/ D5BF (GY)


For further information please contact:

John Ferry
Phone: +44 (0) 7989726985
E-Mail: john.ferry@dws.com

DWS Group
DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with EUR700bn of assets under management (as of 31 Dec 2017). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.

DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.

Key risks
Investors should note that the Xtrackers UCITS ETFs 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 Xtrackers 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 Xtrackers 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 Xtrackers UCITS ETF may go down as well as up and investors may not get back the full amount of their original investment.

Important Notice
This press release has been issued in the UK and approved by Deutsche Asset Management (UK) Limited, a 100% subsidiary of DWS. Deutsche Asset Management (UK) Limited is authorised and regulated by the Financial Conduct Authority.

Any reference to  “DWS”, “Deutsche Asset Management” or “Deutsche AM” shall, unless otherwise required by the context, be understood as a reference to Deutsche Asset Management (UK) Limited including any of its parent companies, any of its or its parents affiliates or subsidiaries and, as the case may be, any investment companies promoted or managed by any of those entities.

Past performance is not a guide for future returns.

Xtrackers UCITS ETFs are all ETFs of one of the following platforms: Xtrackers, Xtrackers II or Xtrackers (IE) plc. Xtrackers, Xtrackers II and Xtrackers (IE) plc are undertakings for collective investment in transferable securities (UCITS) in accordance with the applicable laws and regulations and set up as open-ended investment companies with variable capital and segregated liability between their respective compartments.

Xtrackers and Xtrackers II are incorporated in the Grand Duchy of Luxembourg, are registered with the Luxembourg Trade and Companies’ Register under number B-119.899 (Xtrackers) and B-124.284 (Xtrackers II) respectively and have their registered office at 49, avenue J.F. Kennedy, L-1855 Luxembourg. Xtrackers (IE) plc is incorporated in Ireland with registered number 393802 and has its registered office at 78 Sir John Rogerson’s Quay, Dublin 2, Ireland.

Deutsche Asset Management S.A. acts as the management company of Xtrackers, Xtrackers II and Xtrackers (IE) plc.

The information contained in this document is provided for information purposes only. Any investment decision in relation to an Xtrackers ETF should be based solely on the latest version of the prospectus, the audited annual and, if more recent, un-audited semi-annual reports and the Key Investor Information Document (KIID), all of which are available in English upon request or on www.Xtrackers.com. In the case of any inconsistency with the prospectus, the latest version of the prospectus shall prevail.

© Deutsche Asset Management (UK) Limited 2018.

1. Source: DWS, 10 April 2018.

2. Source: DWS, 29 March 2018. Fee changes effective as of 01/04/2018.

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