Industry Updates

DWS slashes fee on synthetic Latin America ESG ETF

The decision was made at a board meeting on 20 September

Jamie Gordon


DWS has cut the fee on its synthetic emerging markets Latin America ESG ETF.

Effective 1 October, the $254m Xtrackers MSCI EM Latin America ESG Swap UCITS ETF (XMLD) will see its total expense ratio (TER) reduced from 0.65% to 0.40%.

The decision follows a board meeting on 20 September, which decided to more than halve the management fee portion of XMLD’s TER from 0.45% to 0.20%.

The fee cut signals the German asset manager is looking to make its ETF range more cost competitive after CEO Stefan Hoops said his firm would leapfrog Amundi to become Europe’s second-largest ETF issuer by 2025.

It also coincides with Amundi announcing a series of fee hikes across its range as it overhauls several ETFs and integrates Lyxor ETFs it has acquired with its own.

Within the past month, the Amundi US Treasury Bond 0-1Y UCITS ETF (PR1T) has seen its fee hiked from 0.05% to 0.07%, the Amundi MSCI USA ESG Leaders UCITS ETF (CU2) fee increased from 0.28% to 0.35% and the Amundi Leveraged MSCI USA Daily UCITS ETF (CL2) fee upped from 0.35% to 0.50%.

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