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Deutsche Bank Launches First ETFs In Asia

Posted on Monday, February 23rd, 2009 | In Exchange Traded Funds
Contributed by: IndexUniverse Staff (http://indexuniverse.com) -


Launch includes Asia’s first inverse fund.

 

Deutsche Bank entered Singapore’s exchange-traded fund
market on Monday with the launch of four ETFs. The country already had a range of ETF listings covering Asian markets and other asset classes, but the market’s newest entrants include Asia’s first inverse
fund.

Three of the db x-trackers ETFs are tied to indexes
representing the stock markets of Asian countries: Taiwan, India and China. The
fourth fund offers short exposure to the S&P 500 and tracks the S&P 500
Short Index, which was created by Standard & Poor’s with the express
purpose of underlying investable products. In Asia and Europe, inverse ETFs
must be tied to inverse indexes rather than just reflecting the inverse of the
returns of a standard index.

Leveraged and inverse funds have been trading in the U.S.
for a couple years now and represented about $25 billion in assets at the of
end January; such funds also trade in Europe.

According to Deutsche Bank, this is just its first push
into Asian markets, and it intends to follow up with more launches of country
and regional ETFs, as well as short and leveraged funds, in Singapore and the
rest of Asia.

The launch brings the Singapore Exchange’s total number of
ETF listings to nearly 29 as of the end of February.

Last 5 posts by IndexUniverse Staff
About IndexUniverse Staff (http://indexuniverse.com)
IndexUniverse encompasses the world of indexing and beyond. Our website and related subsites cover product and market developments related to index funds, exchange-traded funds (ETFs), index derivatives (futures / options / swaps), and the sophisticated investment strategies which use these financial tools. Our goal is to provide the industry's best news, columns, research, and features about the dynamic field of index-based investing and trading. Industry professionals, individual investors, business/finance students and academic researchers will find various features targeting their interests and needs. We also provide valuable tools and data to assess markets and investment products, and specialized discussion boards for our registered members to exchange cutting-edge ideas and market views. We aim to be educational, thought-provoking, and most importantly, rigorously independent in our perspective.

The development of IndexUniverse was a global effort, originally led by Steven Schoenfeld and Jim Wiandt, supported by John Spence and a diverse team in the U.S., Europe and Latin America, and enhanced by editorial contributors from around the world. The site is now managed solely by Jim Wiandt and the global Index Publications LLC team. The site was originally started by Steven as a data and information complement to his book, Active Index Investing, published by Wiley Finance in July 2004. As he recognized the need and potential for such a resource, in August 2003, Steven partnered with Jim, who as editor of The Journal of Indexes similarly recognized the industry's need for timely, useful and independent information on products and markets.

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