Deutsche Asset Management said it is lowering the annual expense ratios on four of its US-listed exchange traded funds. The four DeAM ETFs with lower fees include three international funds and one U.S. equity smart beta ETF.
The Deutsche X-trackers Russell 1000 Comprehensive Factor ETF (NYSEArca: DEUS) is now charging 0.17% per year, or $17 on a $10,000 investment, down from 0.19%. That makes DEUS inexpensive relative to the broader universe of U.S. smart beta equity funds.
DEUS “seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 Comprehensive Factor Index. The index is designed to provide exposure to domestic equities based on five factors – Quality, Value, Momentum, Low Volatility and Size,” according to Deutsche Asset Management.
Other multi-factor offerings from Deutsche Asset Management include the Deutsche X-trackers FTSE Developed ex US Comprehensive Factor ETF (NYSEArca: DEEF), Deutsche X-trackers Russell 2000 Comprehensive Factor ETF (NYSEArca: DESC) and Deutsche X-trackers FTSE Emerging Comprehensive Factor ETF (NYSEArca: DEMG).
The Xtrackers Germany Equity ETF (Cboe: GRMY) and Xtrackers Eurozone Equity ETF (Cboe: EURZ), which debuted in October with annual fees of 0.15%, are now charging 0.09% per year, or $9 on a $10,000 investment.
The Xtrackers Japan JPX-Nikkei 400 Equity ETF (NYSE: JPN) saw its expense ratio lowered to 0.15% when EURZ and GRMY debuted, but the Japan ETF got another lower fee. Like EURZ and GRMY, JPN is now charging just 0.09% per year.