MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, June 19, 2013 Kremenstein Boosts Deutsche's ETF Biz Deutsche[profile] Bank is getting more involved in ETFs, expanding its line of passive investment strategies, ETF Trends reports. Deustche Bank is the fifth-largest ETP sponsor globally. Deutsche Asset and Wealth Management manages a suite of ETFs through db X-trackers and PowerShares DB platforms. Late last year the bank merged its assets and wealth management businesses, which transferred its ETF business to the new fund unit from its commercial and investment banking sides. At the beginning of June, it launched a new spin on municipal bond ETFs. One of its best performing strategies has been X-trackers MSCI Japan Hedged Fund, which has attracted about $109 million in assets. Martin Kremenstein, head of Americas passive management at Deutsche Asset and Wealth Management explained why it has done so well: “The hedged equity strategies protect investors from the movements between currencies by mitigating the foreign exchange risk,” Kremenstein, added. “This can reduce volatility in the portfolio and allow investors to position themselves for changing trends in the market. Printed from: MFWire.com/story.asp?s=44416 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |