Deutsche Asset & Wealth Management (“DeAWM”) announced today
the launch of the db X-trackers Harvest CSI 500 China A-Shares
Small Cap Fund (NYSE ticker: ASHS), the first U.S.-listed
exchange-traded fund (“ETF”) to provide investors with direct
access to small cap China A-shares equities. DeAWM has once again
partnered with subadvisor Harvest Global Investments Limited to
launch this new product, which features an expense ratio of
0.82%.
“Deutsche Asset & Wealth Management continues to break
ground with its passive offerings, as evidenced by the latest ETF
to provide access to a new and attractive segment of the Chinese
equity market,” said Jerry Miller, Head of DeAWM in the Americas.
“We are committed to utilizing our unique global capabilities to
anticipate and offer solutions that meet current and future
investor demand.”
The launch of ASHS expands DeAWM’s innovative suite of ETFs that
offer direct access to Chinese securities. In November 2013, DeAWM
launched db X-trackers Harvest CSI 300 China A-Shares Fund (NYSE
ticker: ASHR), which was the first U.S.-listed ETF to provide
investors direct equity exposure to the China A-shares market. Most
recently, DeAWM launched db X-trackers Harvest MSCI All China
Equity Fund (NYSE ticker: CN), the first ETF to provide
investors with broad exposure to onshore and offshore Chinese
equities through a single fund.
Choy Peng Wah, Chief Executive of Harvest Global Investments
Limited, said, “This new product provides investors with another
option to get exposure to China's dynamic and fast-growing
economy.”
ASHS will seek to track the CSI 500 Index, which holds
500 small cap companies listed on the Shanghai and Shenzhen stock
exchanges. To be considered for inclusion in the index, securities
must meet minimum liquidity requirements.
“ASHS builds off the success of ASHR and provides distinct yet
complementary access to the China A-shares market,” said Fiona
Bassett, Head of DeAWM’s Passive business in the Americas.
“Together, ASHS and ASHR allow investors to access the large and
small cap segments of a market in which foreign investment had
historically been limited.”
DeAWM’s U.S. exchange-traded products (“ETP”) platform has
approximately $11 billion in assets under management as of December
31, 2013. The firm’s global ETP platform, launched in 2006, has
grown to become the world’s fifth largest, with approximately $63
billion in assets under management as of December 31, 2013.
For more information about the ETPs available in the U.S.,
visit: http://www.dbxus.com.
Deutsche Asset & Wealth Management
With $1.29 trillion of assets under management (as of March 31,
2014), 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.
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 dbxus.com. Please read it carefully
before investing.
DEFINITIONS: A-shares are companies incorporated in China
and traded on the Shanghai and Shenzhen stock exchanges.
RISKS: International investing involves greater and
different risks than investing in U.S. companies and funds
investing in a single country or in a limited geographic region
tend to be more volatile than more diversified funds. Emerging
markets, such as China, tend to be more volatile that 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. 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. Any reduction or elimination of access to A-shares will
have a material adverse effect on the ability of the funds to
achieve their investment objectives. 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
Funds which may reduce the Funds returns. An investment in these
funds should be considered only as a supplement to a complete
investment program for those investors willing to accept the
greater risks associated with investments in China. Please read
each Fund's prospectus for a more complete discussion of the Fund's
risks.
DBX Advisors LLC is the investment adviser to the db X-trackers
Funds. db X-trackers funds are distributed by ALPS Distributors,
Inc. The Fund is managed by DBX Advisors LLC which is not
affiliated with ALPS.
One cannot invest directly in an index.
Shares of the fund may be sold throughout the day on the
exchange through any brokerage account. However, shares may only be
purchased and redeemed directly from the fund by authorized
participants in very large creation/redemption units. There is no
assurance that an active trading market for shares of the fund will
develop or be maintained.
The CSI 500 Index (Index) is calculated by China Securities
Index Co., Ltd. (CSI). CSI does not make any warranties, express or
implied, to its customers or any other party regarding the accuracy
or completeness of any data related to the Index. All information
is provided for information purposes only. CSI accepts no liability
for any errors or any loss arising from the use of information it
provides.
Harvest Global Investments Limited is a wholly owned subsidiary
of Deutsche Bank Group’s asset management joint venture in China,
Harvest Fund Management Co., Ltd., the second-largest asset
management company in the country.
An investment in this fund should be considered only as a
supplement to a complete investment program for those investors
willing to accept the greater risks associated with investments in
China.
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.
© 2014 Deutsche Asset & Wealth Management. All rights
reserved. I-034944-2.0 DBX000928 EXP 5/15
Deutsche Bank AG Press & Media RelationsMaria Jose Gonzalez,
+1-212-250-9793maria-a.gonzalez@db.com
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