Deutsche Asset & Wealth Management (DeAWM) has announced that the db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR), launched at US$108 million.
This initial capital investment is the largest for any equity exchange-traded fund (ETF) since 2007.
Martin Kremenstein, head of Passive Asset Management for Deutsche Asset & Wealth Management Americas, said: "The initial investment in ASHR demonstrates the ground breaking nature of this ETF and is a positive indicator of pent up demand for direct exposure to mainland Chinese equities."
The launch of ASHR is one more example of Deutsche Asset & Wealth Management’s ability to package the global access, expertise and intelligence of Deutsche Bank into first-of-a-kind exchange-traded funds (ETF).
The group recently launched the db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU) – the only ETF on the market to offer investors municipal bond exposure while mitigating the general obligation risk – that similarly leveraged the Bank’s global strengths.