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Deutsche Asset & Wealth Management announced today that the
db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR), launched at $108 million. This initial capital investment is the largest for any equity exchange-traded fund (ETF) since 2007.
“The initial investment in ASHR demonstrates the ground breaking nature of this ETF and is a positive indicator of pent up demand for direct exposure to mainland Chinese equities,” said Martin Kremenstein, head of Passive Asset Management for Deutsche Asset & Wealth Management Americas.
The launch of ASHR is one more example of Deutsche Asset & Wealth Management’s ability to package the global access, expertise and intelligence of Deutsche Bank into first-of-a-kind exchange-traded funds (ETF). The group recently launched the db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU) – the only ETF on the market to offer investors municipal bond exposure while mitigating the general obligation risk – that similarly leveraged the Bank’s global strengths.
Deutsche Asset & Wealth Management’s U.S. exchange-traded products (ETP) platform was also the first to provide U.S. investors with convenient access to broad-based commodity exposure when it launched in 2006. Currently the platform has $12 billion in assets under management. The Deutsche Asset & Wealth Management global ETP platform, which was launched in 2006, has risen to become the fifth largest in the world with approximately $66 billion in assets under management as of September 30, 2013.
For more information about the ETPs available in the U.S., visit:
For further information, please call:
Deutsche Bank AGPress & Media Relations
Renee CalabroPhone: +(212) 250-5525E-mail:
email@example.comDeutsche Asset & Wealth Management
With approximately $1.2 trillion of assets under management (as of September 30, 2013), Deutsche Asset & Wealth Management is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.