Deutsche AM adds sterling-hedged shares class to MSCI World ETF

All-in-fee of 0.29%

Deutsche Asset Management has listed a sterling-hedged share class for its db x-trackers MSCI World Index UCITS ETF on the London Stock Exchange.

Launched on 31 July, the ‘2D' sterling-hedged share class has an annual all-in-fee of 0.29% and tracks the MSCI World index. The index has 1,656 constituents and captures large and mid-cap stocks across 23 developed market countries, while looking to cover around 85% of the free float-adjusted market capitalisation in each geography. Asset allocators back sterling to 'easily recover' despite Brexit fears It has a 59.4% weighting towards the US, and 8.7% and 8.6% weighting in the UK and Japan respectively, while the biggest holding is Apple (2.1%). The unhedged version is part of...