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.”
Deutsche Bank’s db-X Group is a leading global provider of ETFs currently with $63 billion in assets under management (AUM) in the US, Europe and Asia as of August 8, 2011, and more than 200 products offered. In the US, Deutsche Bank currently offers 49 Exchange Traded Products with approximately $14 billion in AUM as of August 8, 2011.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
Deutsche Bank’s db-X Group is among the world's leading providers of exchange-traded products with currently more than 200 products totaling over $63 billion in assets under management in the United States, Europe and Asia as of August 8, 2011.
Leveraging Deutsche Bank’s global expertise and resources, db-X provides both retail and institutional investors with professional and innovative investment products across asset classes and markets.
Deutsche Bank’s db-X Group has been driving innovation. db-X was the first to bring broad-based commodity exposure via exchange-traded funds to the US marketplace. Now, with the newest set of db-X MSCI Currency-Hedged Funds, db-X continues to offer some of the most innovative and efficient investment products.
Investing involves risk, including possible loss of principal. Investing in funds that invest in specific countries or geographic regions may be more volatile than investing in broadly diversified funds. Foreign securities will involve additional risks including exchange rate fluctuations, social and political instability, less liquidity, greater volatility, and less regulation. Equity securities may be subject to volatile changes in value, including as a result of market fluctuations, changes in interest rates and perceived trends in stock prices, and their values may be more or less volatile than other asset classes.
Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk which can be volatile and may be less liquid than other securities and the effect of varied economic conditions. The Fund invests in forward currency contracts. Hedging the Fund’s currency risks involves the risk of mismatching the Fund’s objectives under a forward contract with the value of securities denominated in a particular currency.
The db-X funds (“Funds”) are distributed by ALPS Distributors, Inc. (“ALPS”). DBX Advisors LLC (“DBX”) is the investment advisor to the Funds. DBX is a subsidiary of Deutsche Bank AG, neither of which is affiliated with ALPS.
MSCI and MSCI Index are servicemarks of MSCI Inc. and have been licensed for use by DBX. The Funds are not sponsored, endorsed, issued, sold or promoted by MSCI Inc. nor does this company make any representation regarding the advisability of investing in the Funds. Index data source: MSCI Inc.
Carefully consider the Funds’ investment objectives, risk factors, and charges and expenses before investing. The and other information can be found in the Fund’s prospectuses, which may be obtained by calling 1-855-DBX-ETFS (1-855-329-3837), or by viewing or downloading a prospectus. Read the prospectus carefully before investing.