Deutsche Bank Asian ETF expansion

EUROPE - Deutsche Bank plans to expand into the nascent Asian ETF business after strong European growth in its two-year old offerings. Next month, the firm plans to cross list the same products it currently offers in Europe to Asian investors, said Manooj Mistry, head of head of db x-trackers UK at Deutsche Bank. "The Asian markets are in a similar position as Europe was four to five years ago," said Mistry. "We see that the market there is very much in its infancy." Mistry said the bank will begin by offering ETFs tracking local indexes and eventually expand into international produc...