Deutsche Bank’s db-X Group will ring the opening bell to commence trading on NYSE Arca today. The opening ceremony commemorates the launch of the db-X Exchange Traded Fund (ETF) platform in the United States.
On June 9, 2011, Deutsche Bank launched the db-X US platform with five currency-hedged ETFs designed to provide investors with exposure to international equity markets while at the same time mitigating exposure to fluctuations between the value of the US dollar and selected international currencies. The db-X US platform now consists of the following 10 funds:
|db-X MSCI Japan Currency-Hedged Equity Fund||(NYSE Arca: DBJP)|
|db-X MSCI Brazil Currency-Hedged Equity Fund||(NYSE Arca: DBBR)|
|db-X MSCI Canada Currency-Hedged Equity Fund||(NYSE Arca: DBCN)|
|db-X MSCI EAFE Currency-Hedged Equity Fund||(NYSE Arca: DBEF)|
|db-X MSCI Emerging Markets Currency Hedged Equity Fund||(NYSE Arca: DBEM)|
|db-X 2010 Target Date Fund||(NYSE Arca: TDD)|
|db-X 2020 Target Date Fund||(NYSE Arca: TDH)|
|db-X 2030 Target Date Fund||(NYSE Arca: TDN)|
|db-X 2040 Target Date Fund||(NYSE Arca: TDV)|
|db-X In-Target Date Fund||(NYSE Arca: TDX)|
“Deutsche Bank has been effectively providing US investors with a variety of innovative exchange traded products across asset classes for over five years,” said Martin Kremenstein, Chief Investment Officer of Deutsche Bank’s db-X North America business. “With the recent launch of the five currency-hedged ETFs together with the recent rebranding of the five target date ETFs, we are building on the success of our existing ETF platform in the US to offer distinctive solutions to our clients.”
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