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Currency cogs

Deutsche Asset & Wealth Management expands currency-hedged ETF range


Deutsche Asset & Wealth Management has launched a euro-hedged share class of its db x-trackers MSCI World Index UCITS ETF.

 
The MSCI World Index is capitalisation-weighted and currently tracks the performance of over 1,600 companies from 27 countries.
 
The db x-trackers MSCI World Index UCITS ETF offers a straightforward method for taking exposure to global equities. The ETF currently has approximately EUR2.2bn in assets under management.
 
Simon Klein, Deutsche Asset & Wealth Management’s head of exchange-traded product sales, EMEA and Asia, says: “Increasing numbers of our clients are asking for currency-hedged exposure as they’ve witnessed the potentially diluting impact un-hedged exposure can have on their international equity performance. The euro-hedged MSCI World Index exposure will therefore be an important and welcome addition to our offerings.”
 
As at 3 September 2013 the MSCI World Index was up 13.6 per cent from 12 months earlier, compared with 21.1 per cent for the euro-hedged version of the index.
 
A wide range of currency-hedged db X-trackers UCITS ETFs are available, including sterling, US dollar and euro-hedged exposure to the Japanese equity market via db x-trackers Japan Index UCITS ETF. Currency-hedged exposure to Japanese equities has been a popular asset allocation choice this year on the back of a strong Japanese stock market and a weakening yen against major currencies.
 
Manooj Mistry, Deutsche Asset & Wealth Management’s head of exchange-traded products, EMEA, says: “Currency-hedged exposure is an important product development theme, and we will be looking in future to add more currency-hedged offerings to our product line-up.”
 
The db x-trackers MSCI World Index UCITS ETF euro-hedged share class is listed on the Deutsche Börse.

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