Deutsche ETFs a success
FRANKFURT - Assets under management (AUM) in Deutsche Bank's Frankfurt-listed db x-trackers currency exchange-traded funds (ETFs) have risen 150% to $150 million since the start of the year as investors diversify into foreign exchange.
"Investors are looking for non-correlated returns and these currency ETFs are a way of diversifying away from equities and bonds in a non-correlated way," said Manooj Mistry, London-based head of db x-trackers structuring at the German dealer. Investments have
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