Deutsche Asset & Wealth Management has announced that db X-trackers MSCI Japan Hedged Equity Fund (Ticker: DBJP) and db X-trackers MSCI Germany Hedged Equity Fund (Ticker: DBGR) will reduce their investment advisory fee from 0.50% to 0.45%.
This reduction now brings these funds in line with the rest of DeAWM’s developed market ETFs at 45 basis points or less total expense ratio.
Martin Kremenstein, head of Passive Asset Management for Deutsche Asset & Wealth Management Americas, said: "Since the first U.S. db X-trackers ETFs launched in 2011, the market has embraced our suite of ETFs. As we further develop our ETF lineup to meet investor demand, we continue refining our products. Today we’re pleased to pass along further cost savings to our investors."
The entire db X-trackers developed Market currency hedged equity suite, with total expense ratio, includes:
db X-trackers MSCI Japan Hedged Equity Fund 0.45%db X-trackers MSCI Germany Hedged Equity Fund 0.45%db X-trackers MSCI EAFE Hedged Equity Fund 0.35%db X-trackers MSCI Europe Hedged Equity Fund 0.45%db X-trackers MSCI United Kingdom Hedged Equity Fund 0.45%
The full suite of 11 db X-trackers hedged equity ETFs seeks to protect investors against fluctuations in the value of the US dollar and the respective foreign currencies. db X-trackers offers the most comprehensive suite of hedged equity ETFs in the US.