Deutsche Asset & Wealth Management (DeAWM) has launched a euro-hedged share class for its db X-trackers MSCI World Index UCITS ETF.
The new EUR-hedged share class, which has been listed on the Deutsche Börse, has the ticker XWEH and its total expense ratio is 0.52%.
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The fund has approximately 2.2 billion in assets under management and is linked to the MSCI World Index, made up of over 1600 companies from 27 countries.
The fund is an ideal vehicle for investors seeking exposure to global developed equities in one simple trade.
Simon Klein, DeAWM’s head of exchange traded product sales, EMEA and Asia, said: "Increasing numbers of our clients are asking for currency-hedged exposure as they’ve witnessed the potentially diluting impact un-hedged exposure can have on their international equity performance. The euro-hedged MSCI World Index exposure will therefore be an important and welcome addition to our offerings."
Manooj Mistry, head of exchange traded products EMEA, said that DeAWM would be adding more currency-hedged offerings in the near future.
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