Deutsche Bank has inaugurated its US exchange-traded funds (ETF) platform, db-X US, with the launch of five currency-hedged equity index trackers in New York.
The ETFs give investors the opportunity to invest in Japanese, Brazilian and Canadian equity markets all in a format that seeks to mitigate US dollar exchange rate risk. The db-X division currently manages investor funds totaling €98bn in over 100,000 products across Asia, Europe and the US. db-X division is part of the investment bank and is led globally by Reinhard Bellet. “The establishment of db-X US is an important component of the db-X brand, which is becoming a distinct symbol of investment expertise globally,” said Bellet. The db-X division has achieved a number of n...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
