Deutsche closes down 36 ETFs and ETCs to “tidy up” its product range
Products with €110 million of assets under management will be shut down as the bank has not seen sufficient client demand
Deutsche Asset & Wealth Management has announced the closure of 18 exchange-traded funds (ETFs) and 18 exchange-traded commodities (ETCs). The aim is to "tidy up" the product range it offers clients, while using its resources to keep expanding the db x-trackers ETF platform, according to Manooj Mistry, London-based head of exchange-traded products in Europe, the Middle East and Africa at Deutsche Asset & Wealth Management. He says the total amount of assets under management within the products
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