Deutsche Asset & Wealth Management announced the launch of three new currency-hedged equity exchange-traded funds (ETFs) on its db X- trackers platform. According to a release, the new funds will expand the db X- trackers suite of currency-hedged equity ETFs to a total of eleven ETFs. In addition, Deutsche Asset & Wealth Management noted: Similar to the existing db X-trackers currency-hedged equity products, these news funds will track currency-hedged equity indexes from MSCI , the most widely used global foreign equity benchmark. Each of the db X-trackers currency-hedged equity ETFs provides exposure to one or more key international equity markets, while aiming to protect against fluctuations in the value of the U.S. dollar and foreign currencies. The three new ETFs are listed for trading on the NYSE Arca, under the following symbols: db X-trackers MSCI All World ex US Hedged Equity Fund (NYSEArca:DBAW) db X-trackers MSCI South Korea Hedged Equity Fund (NYSEArca:DBKO) db X-trackers MSCI Mexico Hedged Equity Fund (NYSEArca:DBMX) "In the current market environment, investors are looking for products to help them manage exposure to currency risk in their international investments. For this reason, we continue to expand our hedged equity platform to include countries and regions where the management of currency risk can strengthen a global equity portfolio," said Martin Kremenstein, Head of Passive Asset Management for Deutsche Asset & Wealth Management Americas. Investors who are looking to gain broad exposure to international equity markets, while managing the currency risk from those markets should consider DBAW. The fund seeks to track the MSCI ACWI ex USA US Dollar Hedged Index, which includes developed and emerging market countries, as well as countries in the Eurozone. DBKO allows investors access to the South Korean equity market, while managing exposure to the recently volatile Korean Won. DBKO seeks to track the MSCI Korea 25/50 US Dollar Hedged Index. DBMX will offer the opportunity to access another major emerging Latin American economy- in addition to the existing db X-trackers MSCI Brazil Hedged Equity Fund (DBBR)- while hedging the currency risk and reducing the impact of fluctuations between the Mexican Peso, relative to the US Dollar. DBMX seeks to track the MSCI Mexico IMI 25/50 US Dollar Hedged Index. The three new ETFs join the following db X-trackers currency- hedged equity ETFs: db X-trackers MSCI Japan Hedged Equity Fund (NYSEArca:DBJP) db X-trackers MSCI Asia Pacific ex Japan Hedged Equity Fund (NYSEArca:DBAP) db X-trackers MSCI EAFE Hedged Equity Fund (NYSEArca:DBEF) db X-trackers MSCI Europe Hedged Equity Fund (NYSEArca:DBEU) db X-trackers MSCI United Kingdom Hedged Equity Fund (NYSEArca:DBUK) db X-trackers MSCI Germany Hedged Equity Fund (NYSEArca:DBGR) db X-trackers MSCI Emerging Markets Hedged Equity Fund (NYSEArca:DBEM) db X-trackers MSCI Brazil Hedged Equity Fund (NYSEArca:DBBR) Deutsche Asset & Wealth Management's U.S. exchange-traded products (ETP) platform was also the first to provide U.S. investors with convenient access to broad-based commodity exposure when it launched in 2006. Currently the platform has $12 billion in assets under management. The Deutsche Asset & Wealth Management global ETP platform, which was launched in 2006, has risen to become the fifth largest in the world with approximately $66 billion in assets under management as of September 30, 2013 . More Information: www.dbxus.com www.db.com www.db.com/press ((Comments on this story may be sent to email@example.com ))
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