Deutsche Bank Gives Some Unloved ETFs a Makeover (and Lower Fees)
- Firm is changing strategy, costs of two currency-hedged ETFs
- Fund issuer also trimming expenses on a Japan-focused product
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Deutsche Bank AG is playing fairy godmother for a couple of its least popular exchange-traded funds.
Starting Friday, the firm will transform two U.S. traded currency-hedged funds -- which currently only buy stocks in Italy and Southern Europe -- to give investors unhedged exposure to equities in Germany and the broader euro-area, according to a statement from the Frankfurt-based lender’s money-management arm. And it’ll do so at rock bottom prices.