DWS has reduced annual fees for 31 of its Xtrackers exchange-traded funds (ETFs) and one exchange-traded commodity (ETC), impacting products with a combined investment volume of around €10 billion.
The reduction, effective from the beginning of December, is part of DWS’s continuous optimisation of the Xtrackers product family.
The fee for Xtrackers IE Physical Gold ETC Securities, which tracks gold performance, has been lowered from 0.12% to 0.11%. This ETC currently manages approximately €2.8 billion.
Among the equity ETFs, the Xtrackers MSCI Japan Ucits ETF 1C fee is reduced from 0.20% to 0.12%, and the Xtrackers MSCI Brazil Ucits ETF 1C fee is lowered from 0.65% to 0.25%.
The largest bond ETFs to see fee reductions include the Xtrackers II Eurozone Government Bond Ucits ETF 1C and the Xtrackers II US Treasuries Ucits ETF 1D. These funds have a volume of over €1 billion each.
Michael Mohr, global head of Xtrackers products, said, “Competitive fees as well as efficient index tracking and liquid exchange trading are the basis for the success of Xtrackers ETFs with investors. We are therefore constantly reviewing where we can facilitate permanent fee reductions in order to provide attractive access to markets.”
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