The products include sector-specific ETFs that track China A-shares and other regional and single-country-focused ETFs.
DB x-trackers ETFs are Ucits funds registered in Luxembourg. The firm is withdrawing the 16 ETFs from the Hong Kong market by delisting their share classes registered for sale in the SAR.
According to HKEX, the last trading day for the ETFs was 12 July. Their expected de-authorisation and delisting date will be on 31 October.
Deutsche AM said in an announcement that it had decided to terminate these ETFs after considering, among other factors, the current level of assets in each ETF share class listed in Hong Kong.
The majority of the firm’s ETF share classes scheduled for delisting had assets of around $1m-$3m as of the beginning of June, according to the announcement.
“The proposed cessation of trading, compulsory redemption, termination, deauthorisation and delisting would be in the best interest of the Hong Kong shareholders of each terminating share class,” the firm said.
FSA sought more information from the firm, but it declined to comment about the delistings.
Delisted DB x-tracker ETFs
|
ETF |
Net asset value of the terminating share class ($) |
|
DB x-trackers CSI 300 Banks Ucits ETF – Class 1D |
1.97m |
|
DB x-trackers CSI 300 Consumer Discretionary Ucits ETF – Class 1D |
10.27m |
|
DB x-trackers CSI300 Energy Ucits ETF – Class 1D |
644,000 |
|
DB x-trackers CSI 300 Financials Ucits ETF – Class 1D |
1.80m |
|
DB x-trackers CSI300 Health Care Ucits ETF – Class 1D |
6.06m |
|
DB x-trackers CSI 300 Industrials Ucits ETF – Class 1D |
862,000 |
|
DB x-trackers CSI 300 Materials Ucits ETF – Class 1D |
932,000 |
|
DB x-trackers CSI 300 Real Estate Ucits ETF – Class 1D |
1.29m |
|
DB x-trackers CSI Transportation Ucits ETF – Class 1D |
1.12m |
|
DB x-trackers CSI 300 Utilities Ucits ETF – Class 1D |
1.03m |
|
DB x-trackers MSCI AC Asia ex-Japan High Dividend Yield Index Ucits ETF – Class 2D |
1.30m |
|
DB x-trackers MSCI Bangladesh IM Index Ucits ETF – Class 2C |
1.39m |
|
DB x-trackers MSCI EM Asia Index Ucits ETF – Class 2C |
3.91m |
|
DB x-trackers MSCI Emerging Markets Index Ucits ETF – Class 2C |
8.77m |
|
DB x-trackers MSCI India Index Ucits ETF – Class 2C |
2.80m |
|
DB x-trackers MSCI Pakistan IM Index Ucits ETF – Class 2C |
2.25m |
Source: Deutsche Asset Management
Before the delisting, Deutsche AM was one of the top ETF providers in Hong Kong, with 33 listings.
After the delisting the firm is left with 17 DB x-trackers ETFs available for sale in Hong Kong, according to data from HKEX. On average, the remaining ETF share classes have higher AUM compared to those that were delisted.
Remaining DB x-tracker ETFs
|
ETF |
AUM in Hong Kong ($) |
|
DB x-trackers MSCI Korea Index Ucits ETF (DR) |
18.21m |
|
DB x-trackers FTSE China 50 Ucits ETF (DR) |
2.35m |
|
DB x-trackers Nifty 50 Ucits ETF |
1.62m |
|
DB x-trackers MSCI Philippines Im Index Ucits ETF (DR) |
1.58m |
|
DB x-trackers MSCI World Index Ucits ETF |
14.79m |
|
DB x-trackers MSCI Usa Index Ucits ETF |
15.45m |
|
DB x-trackers MSCI Russia Capped Index Ucits ETF |
7.99m |
|
DB x-trackers MSCI Taiwan Index Ucits ETF (DR) |
4.58m |
|
DB x-trackers MSCI Pacific Ex Japan Index Ucits ETF (DR) |
1.49m |
|
DB x-trackers MSCI Brazil Index Ucits ETF (DR) |
4.2m |
|
DB x-trackers CSI300 Ucits ETF |
44.38m |
|
DB x-trackers MSCI China Index Ucits ETF (DR) |
1.4m |
|
DB x-trackers MSCI Singapore Im Index Ucits ETF (DR) |
1.5m |
|
DB x-trackers MSCI Malaysia Index Ucits ETF (DR) |
1.12m |
|
DB x-trackers FTSE Vietnam Ucits ETF |
34.32m |
|
DB x-trackers MSCI Thailand Index Ucits ETF (DR) |
2.36m |
|
DB x-trackers MSCI Indonesia Index Ucits ETF |
3.47m |
Source: Hong Kong Exchange and Clearing
Blackrock has the highest number of ETFs listed on the exchange – 36 in total, according to records from the bourse.
Other ETF providers have also been trimming their product portfolios. Samsung Asset Management announced earlier this month that it would delist four of its leveraged and inverse ETFs in Hong Kong.
Last year, 26 ETFs were delisted in Hong Kong, according to HKEX.
