NEW YORK--(BUSINESS WIRE)--
Deutsche Asset & Wealth Management (“DeAWM”) announced today that db
X-trackers Harvest CSI 300 China A-Shares Fund (NYSE ticker: ASHR) (the
“Fund”) has been approved for registration by the ComisiÓn Calificadora
de Riesgo (CCR) for distribution among Chilean pension funds.
Administradoras de Fondos de Pensiones (AFPs) can now utilize the Fund
as a registered investment instrument, in order to offer plan
participants direct equity exposure to the China A-shares market. ASHR
is the first direct investment in China A-shares to be registered in
Chile and listed on the NYSE, so that the Fund trades in local time.
“The recent approval of ASHR by the Chilean pension commission is
further validation of the interest in the Fund’s innovative exposure,
and we believe it will complement our current product suite in Chile,”
said Fiona Bassett, Head of Deutsche Asset & Wealth Management’s Passive
Business in the Americas. “As the provider of the largest suite of ETFs
offering direct access to previously untapped Chinese securities, we are
dedicated to offering both domestic and international investors access
to one of the most coveted global investment opportunities.”
When it launched in November 2013, ASHR was the first U.S.-listed
exchange-traded fund (“ETF”) to provide investors with a physical
replication of the unique China A-shares market. Since then, DeAWM has
added the 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, and most
recently db X-trackers Harvest CSI 500 China A-Shares Small Cap Fund
(NYSE ticker: ASHS), the first U.S.-listed ETF to provide investors
with direct access to small cap China A-shares equities, to round out
the China A-shares exposure it offers. DeAWM partnered with subadvisor
Harvest Global Investments Limited to launch both ASHR and ASHS.
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.
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 300 Index is composed of the 300 largest and most-liquid stocks
in the China A-share market, which trade on the Shanghai Stock Exchange
and the Shenzhen Stock Exchange.
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.
R-035306-1.0 DBX000962 EXP 7/13/2015
Deutsche Bank AG
Press & Media Relations
Source: Deutsche Asset & Wealth Management