DWS today announced that the Xtrackers CSI 300 China A-Shares Hedged Equity ETF (NYSE Arca: ASHX) will change its name to Xtrackers MSCI China A Inclusion Equity ETF and will switch its underlying index to the MSCI China A Inclusion Index. The new index is designed to track the progressive partial inclusion of A shares in the MSCI Emerging Markets Index over time.
Effective today, the gross and net expense ratio for ASHX has been permanently reduced to 0.60% from 1.35% gross and 0.70% net expense ratios, making the fund the most cost-effective pure China A-shares exposure ETF in the US ETF market1.
In addition, the net expense ratio for Xtrackers MSCI All China Equity ETF (NYSE Arca: CN) was reduced to 0.50% from 0.62%2 effective June 1, 20183 .
“China is the world’s second largest economy and its equity market has become increasingly accessible for international investors,” said Fiona Bassett, Global Co-Head of Passive Asset Management. “We are always looking for ways to provide clients access to new markets. DWS was the first to offer ETF clients an investment opportunity to onshore China through our Xtrackers Harvest CSI 300 China A-Shares ETF. Now, with the changed underlying index for ASHX, investors will be able to fine-tune their exposure to Chinese capital markets as MSCI works to introduce more A shares into their Global Standard Indices.”
With the changed investment objective, ASHX seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI China A Inclusion Index. The index tracks Chinese A shares that can be accessed through the Stock Connect program.
For more information about DWS’s ETFs available in the US, visit: www.Xtrackers.com.
DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with USD 831 billion of assets under management (as of 31 March 2018). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS aims to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.
DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.
MSCI Emerging Markets Index – The MSCI Emerging Markets Index captures large and mid cap representation across 24 Emerging Markets (EM) countries.
Stock Connect – A collaboration between the Hong Kong, Shanghai and Shenzhen Stock Exchanges that allows international and Mainland Chinese investors to trade securities in each other's markets through the trading and clearing facilities of their home exchange.
ETF shares are not individually redeemable, and owners of shares may acquire those shares from the Fund, or tender such shares for the redemption to the Fund, in Creation Units only.
Consider each 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 www.Xtrackers.com. Please read it carefully before investing.
DBX Advisors LLC (DBX) is the investment adviser to the Xtrackers ETFs, which are distributed by ALPS Distributors, Inc. (ALPS). DBX is an indirect, wholly-owned subsidiary of Deutsche Bank AG, neither of which is affiliated with ALPS.
MSCI is a servicemark of MSCI Inc. (MSCI) and has been licensed for use by DBX. The funds are not sponsored, endorsed, issued, sold or promoted by MSCI nor does MSCI make any representation regarding the advisability of investing in the funds.
Risks: Investing involves risk, including possible loss of principal. Stocks may decline in value. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Foreign investing involves greater and different risks than investing in US companies, including currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards. Emerging markets tend to be more volatile and less liquid than 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. Funds investing in a single industry, country or in a limited geographic region generally are more volatile than more diversified funds. 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. 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 fund, or underlying funds, which may reduce fund returns. Any reduction or elimination of access to A-shares will have a material adverse effect on the ability of the fund to achieve its investment objective. Performance of a fund may diverge from that of an Underlying Index due to operating expenses, transaction costs, cash flows, use of sampling strategies or operational inefficiencies. There are additional risks associated with investing in high-yield bonds, aggressive growth stocks, non-diversified/concentrated funds and small- and mid-cap stocks which are more fully explained in the prospectuses, as applicable. An investment in any fund should be considered only as a supplement to a complete investment program for those investors willing to accept the risks associated with that fund. Please read the applicable prospectus for more information.
Nothing contained herein is fiduciary or impartial investment advice that is individualized or directed to any plan, plan participant, or IRA owner regarding the advisability of any investment transaction, including any IRA distribution or rollover.
No bank guarantee | Not FDIC insured | May lose value
© 2018 DWS Group GmbH & Co. KGaA. All rights reserved. DBX003424 06.01.2019 057840_1.0_
|1 Source: Morningstar as of June 4, 2018|
|2 The gross expense ratio for CN is 0.88%|
|3 The Adviser has contractually agreed, until 6/1/19, to waive a portion of its management fees to the extent necessary to prevent the operating expenses of the Fund from exceeding 0.50% of the Fund’s average daily net assets. This agreement may only be terminated by the Fund’s Board (and may not be terminated by the Adviser) prior to that time.|
Oksana Poltavets, +1 212-250-0072