Deutsche Asset & Wealth Management announced that, effective today, the
Fund’s investment adviser has implemented an expense limitation
agreement that will reduce the estimated net expense ratio of the db
X-trackers Harvest CSI 300 China A-Shares Fund (NYSE Arca: ASHR)
(the “Fund” or “ASHR”) from 1.08% to 0.82%.*
Since the Fund launched on November 6, 2013 with an initial capital
investment of $108 million, assets under management have almost doubled
to $212 million and ASHR’s average daily volume has reached
approximately 350,000 shares per day. “The early success of the ASHR ETF
allows us to pass along the cost savings to investors through this
arrangement,” said Martin Kremenstein, head of Passive Asset Management
for Deutsche Asset & Wealth Management Americas.
Deutsche Asset & Wealth Management’s U.S. exchange-traded products (ETP)
platform currently has approximately $12 billion in assets under
management as of September 30, 2013. The firm’s global ETP platform,
launched in 2006, has grown to become the world’s fifth largest, with
approximately $66 billion in assets under management as of September 30,
2013.1
For more information about the ETPs available in the U.S., visit: http://www.dbxus.com.
*Effective January 13, 2014, the Fund’s investment adviser has
contractually agreed to waive receipt of its fees and/or assume the
expenses of the Fund until January 12, 2015, so that the direct expenses
of the Fund (exclusive of interest expense, acquired fund fees and
expenses, taxes, brokerage expenses, distribution fees or expenses,
litigation expenses and other extraordinary expenses) do not exceed
.80%. The Fund’s estimated net expense ratio is based on estimated
amounts for Other Expenses for the current fiscal year.
Carefully consider the fund’s investment objectives, risk factors,
and charges and expenses before investing. This and other information
can be found in the fund's prospectuses, which may be obtained by calling
1-855-329-3837 or by visiting www.dbxus.com.
Read the prospectus carefully before investing.
RISKS: Investing involves risk, including the possible loss of
principal, International investing involves greater and different risks
than investing in U.S. companies and funds investing in a single country
or in a limited geographic region generally are more volatile than more
diversified funds. Emerging markets tend to be more volatile than the
markets of more mature economies, and generally have less diverse and
less mature economic structures and less stable political systems than
those of developed countries. Special risks associated with
international investing include: currency fluctuations, less liquidity,
less developed or less efficient trading markets, lack of comprehensive
company information, political instability and differing auditing and
legal standards. The fund may use derivatives which entail risks
relating to liquidity, leverage and credit that may reduce returns and
increase volatility. An investment in this fund should be considered
only as a supplement to a complete investment program for those
investors willing to accept the greater risks associated with investing
internationally. Please read the Fund’s prospectus for a complete
discussion of the risks associated with investing in the Fund.
One cannot invest directly in an index.
Shares of the funds may be sold throughout the day on the exchange
through any brokerage account. However, shares may only be purchased and
redeemed directly from the funds by authorized participants in very
large creation/redemption units. There is no assurance that an active
trading market for shares of a fund will develop or be maintained.
Investment products: No bank guarantee | Not FDIC insured | May lose
value
DBX Advisors LLC is the investment adviser to the db X-trackers Funds.
ALPS Distributors is the distributor of the db X-trackers Funds.
R-33742-2 (1/14) DBX 692 (1/15)
Deutsche Asset & Wealth Management
With $1.26 trillion of assets under management (as of Sep 30, 2013),
Deutsche Asset & Wealth Management2 is one of the world's
leading investment organizations. Deutsche Asset & Wealth Management
offers individuals and institutions traditional and alternative
investments across all major asset classes. It also provides tailored
wealth management solutions and private banking services to
high-net-worth individuals and family offices.
1 Source: Deutsche Bank, Bloomberg Finance LP, Reuters.
2 Deutsche Asset & Wealth Management is the brand name of the
Asset & Wealth Management division of the Deutsche Bank Group. The legal
entities offering products or services under the Deutsche Asset & Wealth
Management brand are listed in contracts, sales materials and other
product information documents.
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