Deutsche Asset Management has announced that it will be closing and liquidating five of its US-listed ETFs due to insufficient investor demand.

Deutsche AM has decided to close five of its US-listed ETFs due to insufficient investor demand.

The five ETFs, which cover US and international exposures and include funds tracking equities and alternative investments, collectively account for just 0.1% of the $13.6bn invested across Deutsche’s US ETF platform.

The last trading day for the funds listed below will be 15 May 2017.

Deutsche X-trackers MSCI Australia Hedged Equity ETF (NYSE: DBAU)
Deutsche X-trackers MSCI Spain Hedged Equity ETF (Bats: DBSP)
Deutsche X-trackers Dow Jones Hedged International Real Estate ETF (Bats: DBRE)
Deutsche X-trackers S&P Hedged Global Infrastructure ETF (NYSE: DBIF)
Deutsche X-trackers Japan JPX-Nikkei 400 Hedged Equity ETF (Bats: JPNH)

Proceeds of the liquidations are scheduled to be sent to shareholders around 26 May 2017. For investors that still hold shares as of the liquidation date, each ETF will automatically redeem its shares for cash at the ETF’s current net asset value.