Deutsche wealth arm joins ETF price war with low cost range

Deutsche Asset & Wealth Management has become the latest ETF provider to enter the price war raging across the sector, creating a range of low cost db X-trackers with an all-in annual fee of 9bps.

The underlying benchmark indices for the ETFs will be the DAX, FTSE 100, EuroStoxx 50, and the MSCI USA. Previously, the TER on the existing FTSE 100 ETF was 30bps, while the DAX tracker was priced at 15bps, but Deutsche has moved to cut its prices aggressively. The move follows similar initiatives by other ETF providers, including UBS, which reduced charges across its range of ETFs in September. As part of the changes, the EuroStoxx 50 Index ETF will also be switched from indirect to physical replication. Reinhard Bellet, head of passive asset management at the group, said: "Wi...