Deutsche denies physical ETF rollout is due to flows
The bank's db X-trackers unit is set to launch a suite of physically backed ETFs, but says its aim has always been to provide a supermarket selection and the move is not solely related to flows.
Deutsche Bank’s Marco Montanari has denied its move to roll out a suite of physically backed ETFs alongside synthetic funds is driven solely by money flows, saying it aims to provide a supermarket selection for clients to choose from.
“The ETF market is still very young and we are trying to match client demand,” says Montanari, Asia head of ETF unit db X-trackers. “The best is yet to come for the whole ETF market.”
To date db X-trackers has dealt solely in ETFs tracking underlyi…
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