Deutsche Asset & Wealth Management (Deutsche AWM) today
announced the launch of its first enhanced beta exchange traded
funds (ETFs), Deutsche X-trackers Russell 1000 Enhanced Beta ETF
(Ticker: DEUS) and Deutsche X-trackers FTSE Developed ex US
Enhanced Beta ETF (Ticker: DEEF). The ETFs are the US platform’s
first, broad-based US domestic and unhedged developed international
equity ETFs. They are intended to serve as core portfolio
allocations as well as an alternative to traditional market cap
weighted domestic and international index products.
“We are excited to launch our first suite of enhanced beta ETFs
in the US,” said Fiona Bassett, Head of Passive in the Americas.
“We believe this new suite complements our expertise and commitment
to bringing innovative and relevant investment solutions to market,
as we have seen growing investor interest in market factor
diversification in addition to traditional sector and country
diversification.”
DEUS tracks the Russell 1000 Comprehensive Factor Index, while
DEEF tracks the FTSE Developed ex US Comprehensive Factor Index.
Both FTSE Russell Comprehensive Factor indexes weight each stock
within their respective underlying benchmark based on five
academically-proven characteristics that influence the risk and
performance of stocks:
- Value: The indexes seek to identify
undervalued stocks relative to accounting values by measuring
cash-flow yield, earnings yield and sales-to-price of each
company.
- Quality: The indexes seek to identify
high-quality companies by measuring profitability, efficiency,
earnings quality and leverage.
- Momentum: The indexes seek to analyze
relatively recent price movements-over-time as a potential
indicator of future performance of a stock price by analyzing
11-month total return and lagged one-month returns.
- Volatility: The indexes seek to
identify stocks with relatively low volatility by measuring the
standard deviation of five years of weekly, total local returns on
each stock.
- Size: The indexes seek to consider
market capitalization in US dollars as an indicator of performance,
and have found that small-cap stocks have historically outperformed
large-cap stocks.
These indexes are factor weighted and not market cap weighted.
The FTSE Russell methodology follows a simple, bottom-up approach
that scores each stock based on each of the five factor
characteristics and multiplies each stock’s starting benchmark
weight by the respective score. As a result, stocks exhibiting
strong factor characteristics are given higher weights within the
multi-factor index.
“Multi-factor indexes have become increasingly popular as
important diversification tools. Our new FTSE Russell Comprehensive
Factor Indexes draw on the unique expertise of our extensive FTSE
Russell global index research team, combining multiple factors in a
transparent way to help investors meet their unique objectives,”
said Ron Bundy, CEO North America Benchmarks for FTSE Russell. “We
are excited to align with Deutsche AWM’s ETFs to offer indexes as
the basis for their new ETFs.”
Offering the broadest suite of currency-hedged ETFs in the US,
Deutsche’s X-trackers US platform has experienced breakthrough
success. With assets totaling USD 21 billion as of November 23,
2015, the Deutsche X-trackers platform has increased by
approximately 395% since year end, and has continued to be among
the fastest growing exchange-traded fund (ETF) franchises in the
US.1 The firm’s global exchange traded products platform is now the
world’s fifth largest, with approximately USD 76.9 billion in
assets under management as of September 30, 2015.2
For more information about the ETFs available in the US, visit:
http://www.deutsche-etfs.com.
Deutsche Asset & Wealth
Management
With USD 1.27 trillion of assets under management (as of June
30, 2015), Deutsche Asset & Wealth Management¹ is one of the
world's leading investment organizations. Deutsche Asset &
Wealth Management offers individuals and institutions traditional
and alternative investments across all major asset classes. It also
provides tailored wealth management solutions and private banking
services to high-net-worth individuals and family offices.
¹ Deutsche Asset & Wealth Management is the brand name of
the Asset Management and Wealth Management division of the Deutsche
Bank Group. The legal entities offering products or services under
the Deutsche Asset & Wealth Management brand are listed in
contracts, sales materials and other product information
documents.
FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 80 countries,
covering 98% of the investable market globally and trading on over
25 exchanges worldwide.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $10
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks use FTSE Russell indexes to benchmark their
investment performance and create ETFs, structured products and
index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance, and embraces the IOSCO principles.
FTSE Russell is also focused on index innovation and client
collaboration as it seeks to enhance the breadth, depth and reach
of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.com.
Deutsche X-trackers ETFs (“ETFs”) are managed by DBX Advisors
LLC (the “Advisor”), and distributed by ALPS Distributors, Inc.
(“ALPS”). The Advisors is a subsidiary of Deutsche Bank AG, and is
not affiliated with ALPS.
Global index provider FTSE Russell has recently introduced the
FTSE Russell Comprehensive Factor Indexes. These two new indexes,
which are initially based on the U.S. large cap Russell 1000® Index
and the non-US, globally diversified FTSE Developed ex-US Index,
are designed to provide diversified exposure to stocks exhibiting
five factor characteristics; value, size, momentum, quality and low
volatility. FTSE Russell’s “tilt-tilt” methodology captures
meaningful exposure to all five target factors in a transparent
manner. The FTSE Russell Comprehensive Factor Indexes are part of
the FTSE Global Factor Index Series.
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 investing.
Shares of the funds may be sold throughout the day on the
exchange through any brokerage account. However, shares may only be
purchased and redeemed directly from the funds by authorized
participants in very large creation/redemption units. There is no
assurance that an active trading market for shares of a fund will
develop or be maintained. The fund is new and has a limited
operating history.
DEUS
Investing involves risk, including possible loss of principal.
Stocks may decline in value. Funds investing in a single industry,
country or in a limited geographic region generally are more
volatile than more diversified funds. Because the fund seeks to
provide exposure to stocks based on the following multifactors –
value, momentum, quality, low volatility and size – it is expected
exposure to such investment factors will detract from performance
in some market environments, as more fully explained in the fund’s
prospectus. 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 information.
DEEF
Investing involves risk, including possible loss of principal.
Stocks may decline in value. 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.
Funds investing in a single industry, country or in a limited
geographic region generally are more volatile than more diversified
funds. Because the fund seeks to provide exposure to stocks based
on the following multifactors – value, momentum, quality, low
volatility and size – it is expected exposure to such investment
factors will detract from performance in some market environments,
as more fully explained in the fund’s prospectus 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
information.
No bank guarantee | Not FDIC insured | May lose value
Deutsche Asset & Wealth Management represents the asset
management and wealth management activities conducted by Deutsche
Bank AG or any of its subsidiaries. Clients will be provided
Deutsche Asset & Wealth Management products or services by one
or more legal entities that will be identified to clients pursuant
to the contracts, agreements, offering materials or other
documentation relevant to such products or services.
© 2015 Deutsche Asset & Wealth Management.
All rights reserved. R-040171-1.0 DBX001686 11/13/16
Issued by press department of Deutsche Bank AG NY
https://www.db.com
60 Wall Street, New York, NY 10005
https://www.db.com/press
Phone +1212 250 7171
E-mail:
press-media-relations.americas@db.com
1 Source: ETF.com
2 Source: Deutsche AWM
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151124005152/en/
Deutsche Bank AG Press & Media RelationsCatherine Wooters,
+1-212-250-2790catherine.wooters@db.com
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