Fund Management
Deutsche Trims ETF Range Following Weak Demand

Deutsche Asset & Wealth Management is cutting its range of exchange-traded funds and commodity product line-up due to weak levels of demand.
This will involve the de-listing of 18 ETFs and 18 ETCs which have failed to generate investor interest, the firm said in a statement.
The firm said that the exchange-traded products market in Europe had reached a point of development where a review of the overall product line-up was necessary to bring it in line with current and expected future demand.
“We have therefore undertaken a process of review to identify which areas we should focus on developing and which products are generating sustainably low levels of interest,” said Manooj Mistry, head of exchange-traded products in Europe, the Middle East and Africa at Deutsche Asset & Wealth Management.
“At this stage in the development of the European ETF market we aim to focus on gathering assets around our major benchmark index products, consolidating our position as arguably a leader in emerging markets ETFs, while continuing to launch in new areas where we see the potential for significant growth.”
The firm said it planned to launch a new US dollar-hedged share class of its db x-trackers MSCI Japan Index UCITS ETF in the coming weeks. Meanwhile, new UCITS ETFs providing exposure to inflation-linked bonds, sovereign bonds, as well as new equity market ETFs on various countries and regions are also planned.