Deutsche Bank Launches Five Currency Hedged ETFs

Deutsche Bank DB, the seventh-largest U.S. ETF issuer by assets, rolled out five new currency ETFs today linked to the currency hedged MSCI international indexes. The new ETFs include the following: db-X MSCI Japan Currency-Hedged Equity Fund DBJP db-X MSCI Brazil Currency-Hedged Equity Fund DBBR db-X MSCI Canada Currency-Hedged Equity Fund DBCN db-X MSCI EAFE Currency-Hedged Equity Fund DBEF db-X MSCI Emerging Markets Currency-Hedged Equity Fund DBEM The new ETFs brings Deutsche Bank's U.S. ETF lineup up to 49 funds and 281 exchange traded products across the globe, the company said in a statement. Foreign currency offerings are nothing new for Deutsche Bank, Germany's largest bank, as the company has been ranked the world's largest forex house by marketshare by Euromoney for seven straight years. The concept of hedged currency ETFs isn't new either as WisdomTree rolled out the WisdomTree International Hedged Equity Fund HEDJ last year. That ETF offers exposure to currencies such as the British pound, the euro, the Japanese yen, the Australian dollar and the Swiss franc. The new Deutsche Bank ETFs are designed to provide exposure to equity securities globally, while at the same time seeking to mitigate exposure to fluctuation between the value of the U.S. dollar and non-U.S. currencies by also investing in currency forwards, the bank said in a statement. At the end of May, Deutsche Bank had almost $13.9 billion in U.S. ETF assets under management, according to data from the National Stock Exchange.