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Deutsche AM slashes fees on host of ETFs

Deutsche AM slashes fees on host of ETFs

Deutsche Asset Management has cut fees on 28 ETF products in a bid to retain a prominent position within the fast-growing world of passive investments.

The German group has reduced the annual all-in fees on a number of high-profile products, including those tracking the MSCI Europe, MSCI Japan, MSCI Emerging Markets and Russell 2000 indices.

Deutsche AM announced the changes to the db X-trackers range to coincide with the 10-year anniversary of launching its ETF business in Europe.

The group currently runs 300 products through the db X-trackers range and runs around €70 billion in assets under management through these ETFs.

In March, Deutsche AM unveiled a range of ‘core’ fixed income ETFs, designed to complement its existing equity range. The company said the fees reductions would further aid clients in adopting cost effective passive funds.

Commenting on the changes, Manooj Mistry, head of passive asset management, EMEA, said: ‘Our aim is to provide highly efficient, quality index trackers for our clients, and also position Deutsche AM for a further 10 years as a leading ETF provider.’

This change in fees comes in the wake of Fidelity International announcing its first foray in ETFs at the start of April, while the likes of Franklin Templeton, Lyxor Asset Management and BlackRock have all increased their presence within passives since the start of 2017.

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