deawm launches 9bp etf to track us equity market

Listed on the German bourse today, the product aims to provide exposure to US large and mid-cap market.

deawm launches 9bp etf to track us equity market

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At an all-in annual fee of 0.09%, or 9 basis points, the product is amongst the lowest available in the industry.
 
The db x-trackers MSCI USA Index UCITS ETF aims to provide exposure to the US large and mid-cap market by tracking the performance of over 600 underlying stocks. 
 
All the funds in the core ETF range are physical replication ETFs. The db x-trackers MSCI USA Index UCITS ETF excludes security lending. 
 
“Our new ETF tracking the MSCI USA Index for a fee of just nine basis points has already attracted over $200m in investment prior to listing. Investors appreciate not just the low annual management charge but also the efficient set-up we have in place to provide good quality tracking so as to ensure low overall total cost of ownership,” head of exchange traded product sales EMEA an Asia, Simon Klein, said. 
 
The product was listed on the Deutsche Börse on Wednesday.
 
On Tuesday, Fidelity Worldwide announced that it cut the charges on six of its seven recently launched equity index range in a bid to grow its position within the UK index tracking market.
 

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