Deutsche Asset & Wealth Management is set to close 36 exchange-traded products (ETPs) following a review of its db X line-up.
At the end of June 2013, 36 ETPs had assets of 110 million. The closure also includes 18 exchange trade commodity notes, known as ETCs, with assets of 31 million.
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Manooj Mistry, head of ETPs for EMEA at Deutsche Asset & Wealth Management, said: "The exchange-traded products market in Europe has reached a point of development where it makes sense for us to review our overall product line-up to bring it in line with current and expected future demand, placing us in a strong position to optimally serve users of our ETFs and ETCs.
"We have therefore undertaken a process of review to identify which areas we should focus on developing and which products are generating sustainably low levels of interest," Mistry added.
Deutsche plans to launch a new US dollar-hedged share class of its db x-trackers MSCI Japan Index Ucits ETF in the coming weeks.
The company also plans new ETFs, which provide exposure to inflation-linked bonds and sovereign bonds, as well as new equity market ETFs based on various countries and regions.
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