Five new exchange traded funds debuted from Deutsche Bank that give investors currency-hedged exposure to international stocks. The new ETFs are designed to protect against changes in the value of the U.S. dollar and non-U.S. currencies.
“Deutsche Bank is filling a need in the marketplace by offering investors direct access to global markets with a built-in hedge against currency fluctuations,” said Martin Kremenstein, Chief Investment Officer and Chief Operating Officer of Deutsche Bank’s db-X business. “The newest Deutsche Bank ETFs provide investors direct access to some of the world’s most significant international markets with the goal of allowing investors to better manage their portfolios currency risk by capitalizing on Deutsche Bank’s industry-leading foreign exchange expertise.”
The Deutsche Bank ETF suite consists of 49 exchange traded products and have about $14.9 billion in assets under management. [Why the Swiss Franc ETF is on Fire.]
The funds give currency-hedged exposure to Japan, Brazil, Canada, the MSCI EAFE index, and the emerging markets MSCI index. [New Currency ETNs Offer Leverage on Dollar Trades.]
Tisha Guerrero contributed to this article.
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