Deutsche Asset Management has expanded its range of Xtrackers Core ETFs with the addition of an ETF that provides physical replication of emerging markets shares. Called the MSCI Emerging Markets Index UCITS ETF, it provides broad exposure to emerging markets equities with an all-in fee of 0.2%.
The new fund was listed on Deutsche Boerse on 26 June with a London Stock Exchange listing on 29 June. It has already raised in excess of €200 million in assets under management.
“With a highly competitive annual all-in fee and using physical replication to track its underlying index, we expect significant investor interest,” says Manooj Mistry, head of the passive asset management division at Deutsche Asset Management in the UK.
Deutsche’s range of Core Xtrackers follows all the major bond and equity indexes. All the ETFs in the Core range use direct, physical replication. This means they buy actual shares in the market to replicate the behaviour of the index, rather than using futures.