Deutsche Asset & Wealth Management today announced that, due to high
investor demand, Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
(NYSE Arca: ASHR) and Deutsche X-trackers Harvest CSI 500 China A-Shares
Small Cap ETF (NYSE Arca: ASHS) (each, a “Fund,” together the “Funds”)
are approaching the limit of their currently available RQFII quota for
purchasing China A shares securities. As a result:
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Effective trade date November 24, 2014, the Funds will accept one
creation unit, comprised of 50,000 shares, each day per Fund.
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Deutsche Asset & Wealth Management and the Funds’ sub-advisor, Harvest
Global Investments Limited, continue to work with the Chinese
authorities to obtain an increase in RQFII quota to keep in-line with
investor demand. Harvest Global Investments Limited is a leading asset
manager in China and among the top five global holders of RQFII quota.
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While there can be no assurance that such an increase will be granted
or that any increase will be sufficient to meet investor demand, this
interim creation limit is expected to be temporary.
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When such an increase, if any, is granted, or sufficient redemptions
in the Funds allow, the Funds will resume accepting creation units as
usual.
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Redemption orders for the Funds will continue to be accepted in the
ordinary course of business as described in the Funds’ prospectuses.
For further information, please call:
Deutsche Bank AG Press & Media Relations
Konstantin Shishkin
Phone:
+ 1(212) 250-0128
E-Mail: konstantin.shishkin@db.com
Deutsche Asset & Wealth Management
With $1.27 trillion of assets under management (as of September 30,
2014), Deutsche Asset & Wealth Management* 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.
*Deutsche Asset & Wealth Management is the brand name of the Asset
Management and 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.
Consider each Fund‘s investment objectives, risk factors, and charges
and expenses before investing. This and other important information can
be found in each Fund’s prospectus, which may be obtained by calling
1-855-DBX-ETFS (1-855-329-3837) or by viewing or downloading a
prospectus at dbxus.com. Please read it carefully before investing.
DEFINITIONS: A-shares are companies incorporated in China and
traded on the Shanghai and Shenzhen stock exchanges.
RISKS: 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 tend to be more volatile than
more diversified funds. Emerging markets, such as China, tend to be more
volatile that 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 investments in Chinese companies include exposure to
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 nature and
extent of intervention by the Chinese government in the Chinese
securities markets, and the potential unavailability of A-shares. Any
reduction or elimination of access to A-shares will have a material
adverse effect on the ability of the Funds to achieve their investment
objectives. During any period that creations are limited or suspended
due to the limited availability of RQFII quota, the Funds could trade at
a significant premium or discount to the net asset value and could
experience substantial redemptions. The performance of the Funds may
differ from that of the Funds’ respective underlying indexes for various
reasons, including if a Fund gains exposure to A-shares by investing in
securities not included in the applicable underlying index, derivative
instruments, and other pooled investment vehicles because the RQFII
quota has become inadequate (until additional RQFII quota can be
obtained). An investment in these Funds should be considered only as a
supplement to a complete investment program for those investors willing
to accept the greater risks associated with investments in China. Please
read each Fund's prospectus for a more complete discussion of the Fund's
risks.
DBX Advisors LLC is the investment adviser to the Deutsche X-trackers
Funds. Deutsche X-trackers funds are distributed by ALPS Distributors,
Inc. The Funds are managed by DBX Advisors LLC which is not affiliated
with ALPS.
One cannot invest directly in an index.
Shares of the fund may be sold throughout the day on the exchange
through any brokerage account. However, shares may only be purchased and
redeemed directly from the fund by authorized participants in very large
creation/redemption units. There is no assurance that an active trading
market for shares of the fund will develop or be maintained.
The CSI 300 Index is composed of the 300 largest and most-liquid stocks
in the China A-share market, which trade on the Shanghai Stock Exchange
and the Shenzhen Stock Exchange.
Harvest Global Investments Limited is a wholly owned subsidiary of
Deutsche Bank Group’s asset management joint venture in China, Harvest
Fund Management Co., Ltd., the second-largest asset management company
in the country.
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 investments in China.
No bank guarantee | Not FDIC insured | May lose value
© 2014 Deutsche Asset & Wealth Management. All rights reserved.
DBX001133 EXP 11/15 R-036556-1.0
Copyright Business Wire 2014