Deutsche Asset & Wealth Management (DeAWM) has expanded its range of “core” ETFs with the launch of a direct replication, or physically replicated, exchange-traded fund tracking the MSCI USA Index.

Simon Klein, DeAWM’s Head of Exchange Traded Product Sales, EMEA and Asia.

Listed on the Deutsche Börse, the db X-trackers MSCI USA Index UCITS ETF (DR) (XD9U) provides exposure to the US large and mid-cap equities market, tracking the performance of over 600 underlying stocks, and comes with a total expense ratio (TER) of just 0.09% per annum.

The db X-trackers core ETFs are characterised by low fees and physical replication, and aim to serve the needs of all types of investors seeking efficiency in holding and trading ETFs.

Other ETFs in the range provide exposure to the FTSE 100 Index, Euro Stoxx 50 Index, and the DAX Index, all with all-in fees of 0.09%, putting them firmly among the lowest priced ETFs in Europe in their market segment.

The range also includes the db X-trackers Nikkei 225 UCITS ETF (DR) (XDJA), which has a TER of 0.25% per annum, the lowest-priced ETF available for that market exposure, according to DeAWM.

Simon Klein, DeAWM’s Head of Exchange Traded Product Sales, EMEA and Asia, commented: “Our new ETF tracking the MSCI USA Index for a fee of just nine basis points has already attracted over $200 million in investment prior to listing. Investors appreciate not just the low annual management charge but also the efficient set-up we have in place to provide good quality tracking so as to ensure low overall total cost of ownership.”