Asian Markets Fuel Xtracker’s 100 Billion Euro Milestone
Total assets of Xtrackers’ exchange-traded products exceeded 100 billion euros driven by investor demand for Asian market exposure.
As of the end of the third quarter, Xtrackers ETPs had 104.9 billion euros in assets globally making its holding company, DWS, the first European-headquartered ETF business to exceed the 100 billion euro mark.
The firm’s APAC head of index investing, Marco Montanari, highlighted global investor demand for Asian markets as one of the drivers of inflows and contributors to the milestone. Elsewhere, growing assets in discretionary mandates at private banks have also contributed to the firm’s success as investors seek active diversification while wealth managers secure recurring income.
«We see incremental growth in ETF usage across various segments of institutional clients as well as private bank discretionary portfolio management as investors are increasingly appreciating the efficiency of ETFs as an investment tool,» explained Sophia Kim, APAC head of passive sales at DWS.
