db X-trackers top R10 billion in assets under management

Wehmeyer Ferreira, head of db X-trackers South Africa.

db X-trackers, the JSE-listed and Rand-denominated suite of exchange traded funds (ETFs), has topped R10 billion in assets under management (AUM).

Wehmeyer Ferreira, head of db X-trackers South Africa, says the milestone indicates the growing popularity of the low-cost passive investment range and the attraction of offshore diversification via an increasingly trusted and well known investment vehicle.

The five funds in the db X-tracker range give clients exposure to offshore developed markets as they track the major indices in the US, UK, Eurozone and Japan and the MSCI World Index.

The US-linked ETF is the best supported with AUM of more than R3,3 billion. It has a a five-year return of 26,75%. AUM in the second largest product, the MSCI world fund, approaches R3 billion, while the five-year return is 22.49%.

“Investors are now realising the importance of gaining offshore diversification and the ease at which it can done through our range of ETFs.,” says Ferreira, “and this explains the continued support of these products by the general public, investment professionals and institutions.”