db x-trackers launches USD-hedged version of MSCI Japan Index UCITS ETF
A share class tracking the US dollar-hedged version of the db x-trackers MSCI Japan Index UCITS ETF is now available on the London Stock Exchange, helping to meet demand for hedged exposure to Japanese stocks.
The launch complements sterling and euro-hedged MSCI Japan exposures already available, which have been popular investments this year on the back of a rising Japanese stock market and weakening yen.
Manooj Mistry, Deutsche Asset & Wealth Management’s head of exchange-traded products, EMEA, says: “Playing the ‘Abenomics’ theme has been one of the most significant asset allocation trends we’ve seen this year. But to fully take advantage of the trend, international investors have had to hedge the currency risk from their Japanese equity exposure. This product provides a very straight forward route to achieving that."
db x-trackers MSCI Japan Index UCITS ETF has approximately GBP750m in assets under management.
Meanwhile, Deutsche Asset & Wealth Management has also recently listed the first ETF on the London Stock Exchange to provide exposure to the German DAX index. The fund is a direct replication ETF.
Mistry says: “We have several new fund and share class launches preparing to come to market in the months ahead, which will help reinforce our position as one of Europe’s leading ETF providers.”
Both the db x-trackers MSCI Japan Index UCITS ETF and the db x-trackers DAX UCITS ETF (DR) have UK reporting fund status, and are Individual Savings Accounts (ISA) and Self Invested Personal Pension (SIPP) eligible. The db x-trackers DAX UCITS ETF (DR) is the only direct replication ETF on the DAX that has UK reporting fund status.
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