DBMX represents the first peso-hedged play on Mexico, Latin America’s second-largest economy. The new ETF joins the iShares MSCI Mexico Capped ETF (NYSEArca: EWW) as just the second dedicated Mexico ETF on the market. [Getting Selective With Emerging Markets]
In addition offering the first currency hedged play on Mexico, Deutsche Asset & Wealth Management also sponsors the lone currency hedged Brazil ETF: The db X-trackers MSCI Brazil Hedged Equity Fund (NYSEArca: DBBR).
Deutsche Asset & Wealth Management’s U.S. exchange-traded products (ETP) platform was also the first to provide U.S. investors with convenient access to broad-based commodity exposure when it launched in 2006. Currently the platform has $12 billion in assets under management, according to the statement.
Other currency hedged products from the firm include the db X-trackers MSCI Japan Hedged Equity Fund (NYSEArca: DBJP) and the db X-Trackers MSCI Europe Hedged Equity Fund (NYSEArca: DBEU).