Deutsche’s China A-shares ETF debuts with more than $100 million in assets

Nov 7th, 2013 | By | Category: Equities

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Deutsche Asset & Wealth Management’s new China A-Shares exchange-traded fund, the db X-trackers Harvest CSI 300 China A-Shares ETF (ASHR), has debuted with $108 million in assets.

Deutsche’s China A-shares ETF debuts with more than $100 million in assets

Deutsche’s China A-shares ETF debuts with more than $100 million in assets

This initial capital investment is the largest for any US-listed equity ETF since 2007.

Martin Kremenstein, head of Passive Asset Management for Deutsche Asset & Wealth Management Americas, commented: “The initial investment in ASHR demonstrates the groundbreaking nature of this ETF and is a positive indicator of pent up demand for direct exposure to mainland Chinese equities.”

The launch of the db X-trackers Harvest CSI 300 China A-Shares ETF, which provides direct exposure to China’s A-shares market, is Deutsche Asset & Wealth Management’s second recent first-of-a-kind ETF.  The group recently launched the db X-trackers Municipal Infrastructure Revenue Bond ETF (RVNU) – the only ETF on the market to offer investors municipal bond exposure while mitigating the general obligation risk.

The group’s US exchange-traded products platform was launched in 2006 and currently has $12 billion in assets under management. Globally, DeAWM is the fifth largest provider of ETPs with approximately $66 billion in assets under management.

 

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