NEW YORK–(BUSINESS WIRE)–Deutsche Asset Management (Deutsche AM) today announced the renaming of
its US exchange-traded funds (ETFs) to Xtrackers to harmonize the fund
names with the change previously
announced for European and Asian ETFs and exchange-traded
Deutsche X-trackers will be replaced with “Xtrackers” to further align
with Deutsche AM’s other index trackers. The US suite of ETFs, with more
than $12.5 billion in AUM (as of August 31, 2017) in 35 ETFs, provides
unique investment opportunities to clients through products offering
access to brand new marketplaces, funds that seek better risk-adjusted
returns, and products that provide the potential ability to benefit from
further efficiencies in the market.
“As an asset manager with deep roots in Europe, it was important for our
global businesses to align to better capitalize on our truly global
reach,” said Fiona Bassett, Head of Passive Asset Management for the
Americas. “In the US, investors turn to Xtrackers for trailblazing
products such as our China A-shares suite and the most cost efficient
high-yield ETF in the US market1 – HYLB. The new branding
will further support a more unified and distinctive product suite
The new fund names will take effect on October 2, 2017. The change will
alter Deutsche AM ETFs names and marketing materials, but will not
impact the name of the trust entity nor its investment adviser.
For more information about the ETFs available in the US, visit:
Deutsche Asset Management
With EUR 711 billion of assets under management (as of June 30, 2017),
Deutsche Asset Management2 is one of the world’s leading
investment management organizations. Deutsche Asset Management offers
individuals and institutions traditional and alternative investments
across all major asset classes.
Deutsche X-trackers ETFs (to be renamed “Xtrackers ETFs” effective
October 2nd, 2017) are managed by DBX Advisors LLC (the “Advisor”) and
distributed by ALPS Distributors, Inc. (“ALPS”). The Advisor is a
subsidiary of Deutsche Bank AG and is not affiliated with ALPS.
Shares are not individually redeemable, and owners of Shares my acquire
those Shares from the fund, or tender such Shares for redemption to the
fund, in Creation Units only.
Nothing contained herein is fiduciary or impartial investment advice
that is individualized or directed to any plan, plan participant, or IRA
owner regarding the advisability of any investment transaction,
including any IRA distribution or rollover.
RISKS: Investing involves risk, including possible loss of
principal. Stocks may decline in value. Bond investments are subject
to interest-rate, credit, liquidity and market risks to varying degrees.
When interest rates rise, bond prices generally fall. Foreign investing
involves greater and different risks than investing in US companies,
including currency fluctuations, less liquidity, less developed or less
efficient trading markets, lack of comprehensive company information,
political instability and differing auditing and legal standards.
Emerging markets tend to be more volatile and less liquid than the
markets of more mature economies, and generally have less diverse and
less mature economic structures and less stable political systems than
those of developed countries. Funds investing in a single industry,
country or in a limited geographic region generally are more volatile
than more diversified funds. Special risks associated with investments
in Chinese companies include exposure to currency fluctuations, less
liquidity, less developed or less efficient trading markets, lack of
comprehensive company information, political instability and differing
auditing and legal standards, the nature and extent of intervention by
the Chinese government in the Chinese securities markets, and the
potential unavailability of A-shares. Uncertainties in the Chinese tax
rules governing taxation of income and gains from investments in
A-shares could result in unexpected tax liabilities for the fund, or
underlying funds, which may reduce fund returns. Any reduction or
elimination of access to A-shares will have a material adverse effect on
the ability of the fund to achieve its investment objective. Performance
of a fund may diverge from that of an Underlying Index due to operating
expenses, transaction costs, cash flows, use of sampling strategies or
operational inefficiencies. There are additional risks associated with
investing in high-yield bonds, aggressive growth stocks,
non-diversified/concentrated funds and small- and mid-cap stocks which
are more fully explained in the prospectuses, as applicable. An
investment in any fund should be considered only as a supplement to a
complete investment program for those investors willing to accept the
risks associated with that fund. Please read the prospectus for more
Consider the fund’s investment objectives, risk factors, and charges
and expenses before investing. This and other important information can
be found in the fund’s prospectus, which may be obtained by calling
1-855-DBX-ETFS (1-855-329-3837) or by viewing or downloading a
prospectus at deutsche-etfs.com. Please read it carefully before
No bank guarantee | Not FDIC insured | May lose value
Deutsche AM Distributors represents the asset management activities of
DB and its subsidiaries including DBX Advisors LLC.
© 2017 Deutsche Asset Management. All rights reserved.
DBX002908 09.15.2018 052457_1.0_
1 Source: Source: ETF.com
2 Deutsche Asset Management is the brand name of the Asset
Management division of the Deutsche Bank Group. The respective legal
entities offering products or services under the Deutsche Asset
Management brand are specified in the respective contracts, sales
materials and other product information documents.