Deutsche Trims Fees on China A-Shares ETF

Deutsche Bank’s Deutsche Asset & Wealth Management unit announced Monday that it has lowered the estimated expense ratio on the db X-trackers Harvest CSI 300 China A-Shares Fund (NYSEArca: ASHR) to 0.82% per year from 1.08%.

The early success of the ASHR ETF allows us to pass along the cost savings to investors through this arrangement,” said Martin Kremenstein, head of Passive Asset Management for Deutsche Asset & Wealth Management Americas, in a statement.

ASHR launched in early November 2013 with seed capital of $108 million, but the fund built on that total and despite its debut late in the year, it easily ranked among 2013’s most successful new ETFs from an asset-gathering perspective. [10 ETFs That Have Rapidly Gained Assets]

ASHR, the first U.S-listed ETF to offer investors direct exposure to China’s A-shares equities, or those stocks trading in Shanghai and Shenzhen, had $210.8 million in assets under management as of Jan. 10, according to issuer data.

Last month it was reported that Deutsche Bank has filed plans with the Securities and Exchange Commission to launch a suite of China A-shares sector and market cap exchange traded funds to provide investors with direct access to various Chinese equity plays. Those funds include an A-shares small-cap ETF, health care, materials, industrial, consumer staples, consumer discretionary and technology sector funds. [DB Files Plans to Expand Suite of A-Shares ETFs]