Thorsten Michalik: raising standards in ETF transparency

Although Deutsche Bank’s ETF arm made its debut only four years ago, db x-trackers has already propelled its way to the top of the industry, now third in terms of assets under management. Thorsten Michalik has been there since its inception in 2006. “On the one hand we wanted to improve the existing offering in ETFs, but we also wanted to show that ETFs are not just an equity product,” says Michalik.“We always believed this industry would grow to the stage where people would be using ETFs for asset allocation, and this meant branching out into other asset classes.” As an investmen...