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“We are delighted to have gained a further issuer for the Deutsche Börse XTF segment in the form of DWS’ subsidiary DVG. The introduction of a second DAX® ETF and a new EURO STOXX 50 ETF expands Deutsche Börse’s range of products, and offers investors interesting new investment opportunities,” said Rainer Riess, Managing Director of Stock Market Business Development at Deutsche Börse AG. “The DAXEX and the existing ETFs on the DJ EURO STOXX 50 are among the most liquid and best-selling Xetra products, and have thus laid the groundwork for the Europe-wide success of the XTF segment.”
“On the heels of strong growth in the area of passive investments in Germany, Deutsche Bank AG is now offering attractive exchange-traded funds from DVG on the DAX and EURO STOXX 50,” said Reinhard Bellet, Managing Director at Deutsche Bank AG. “These products are an efficient vehicle for investors to directly participate in the performance of the corresponding index, and we expect the dynamic growth in passive investments to continue.”
“With the licensing of another ETF on the DAX, both retail and institutional investors will benefit from the products offered by two recognized fund providers: Indexchange and DVG,” said Holger Wohlenberg, Managing Director of Market Data & Analytics at Deutsche Börse. “The DAX is considered one of the five leading indexes worldwide, when it comes to the construction of financial products. The indexes from Deutsche Börse, as the basis for financial products, guarantee high quality, reliability, and international name recognition.”
In all, Market Data & Analytics calculates and publishes roughly 1,700 indexes. The DAX index reflects the changes in the price of the 30 best performing stocks on the Frankfurt Stock Exchange, in terms of market strength and volume. This makes Deutsche Börse one of the most significant index providers worldwide. Additionally, Market Data & Analytics compiles, distributes, and markets independent capital market information, such as price data, trading statistics, and back office information for banks and financial institutions.
Deutsche Börse’s XTF segment is Europe’s leading market platform for exchange-traded funds. Its selection of 57 index funds is the largest offered by any European stock exchange. Average monthly trading volume on Xetra is approximately €2.7 billion, or more than 53 percent of total trading volume for exchange-traded index funds in Europe. At the end of December 2004, assets under management in the XTF segment had reached a new record of €16.4 billion - a 66 percent increase year-on-year.
