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

Nov 7th, 2013 | By | Category: Equities

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.

 

Tags: , , , , ,

Leave a Comment



More in Equities
UBS lists two currency-hedged MSCI ACWI SRI ETFs on LSE
UBS lists two currency-hedged MSCI ACWI SRI ETFs on LSE

UBS Asset Management has expanded its socially responsible ETF suite on the London Stock Exchange with two new listings offering GBP-...

SSGA launches three ‘innovative industry’ ETFs
SSGA partners with Kensho on three ‘new economy’ thematic ETFs on NYSE Arca

State Street Global Advisors (SSGA) has teamed up with Kensho Technologies for the launch of three ETFs on NYSE Arca designed to...

Close