DWS has delisted 23 of its Xtrackers ETFs in Singapore last month, according to data from the Singapore Exchange (see below for complete list).
The move brings down the total number of Singapore-listed ETFs to just around 30, the data shows.
DWS first announced its decision to delist the products in late June, adding that the last trading day for the products was on 30 July. It noted that the application to delist the products was made in April.
Sam Manchanda, head of Southeast Asia coverage at DWS, explained that the firm decided to delist the ETFs that have “sustained limited levels of demand” in Singapore.
He noted, however, that the products remain listed in Europe as they continue to see demand from global investors.
“All of our ETFs listed on SGX are cross-listed from Europe, which gives us the flexibility to adjust our product offering based on client demand,” he told FSA.
DWS is one of the largest ETF providers in Europe, managing around $95bn in ETF assets, according to the firm.
In a similar move three years ago, DWS delisted 16 ETFs in Hong Kong, after considering the current level of assets in each ETF. Now, the firm has 17 ETFs listed in the SAR, according to the firm’s website.
Focusing on the stronger products
Currently, DWS has five remaining Xtracker ETFs listed on the Singapore Exchange, which include four equities and one fixed income products, according to the firm’s website.
Xtracker ETFs still listed in Singapore
| Xtrackers MSCI Singapore Ucits ETF |
| Xtrackers MSCI China Ucits ETF |
| Xtrackers MSCI Indonesia Swap Ucits ETF |
| Xtrackers Singapore Government Bond Ucits ETF |
| Xtrackers FTSE Vietnam Swap Ucits ETF |
Source: DWS, Singapore Exchange
“We will focus on the products that generate strongest demand from our clients, as well as new targeted initiatives,” Manchanda said, adding that the firm continues to serve its clients with a dedicated ETF sales team in Singapore.
The firm remains to have the largest number of ETFs listed on the Singapore Exchange, followed by Lyxor International Asset Management, Nikko Asset Management and State Street Global Advisors, each managing four Singapore-listed ETFs, according to data from the exchange.
Nikko AM is expected to launch its fifth ETF in the Lion City as it recently lodged an application with both the Monetary Authority of Singapore and the Singapore Exchange to roll out a China-focused bond ETF.
Xtracker ETFs delisted in Singapore
| Xtrackers Euro Stoxx 50 Ucits ETF |
| Xtrackers FTSE China 50 Ucits ETF |
| Xtrackers MSCI AC Asia ex Japan Swap Ucits ETF |
| Xtrackers MSCI Brazil Ucits ETF |
| Xtrackers MSCI Europe Ucits ETF |
| Xtrackers MSCI India Swap Ucits ETF |
| Xtrackers MSCI Japan Ucits ETF |
| Xtrackers MSCI Korea Ucits ETF |
| Xtrackers MSCI Malaysia Ucits ETF |
| Xtrackers MSCI Pacific ex Japan Ucits ETF |
| Xtrackers MSCI Pakistan Swap Ucits ETF |
| Xtrackers MSCI Philippines Ucits ETF |
| Xtrackers MSCI Russia Capped Swap Ucits ETF |
| Xtrackers MSCI Taiwan Ucits ETF |
| Xtrackers MSCI Thailand Ucits ETF |
| Xtrackers MSCI USA Swap Ucits ETF |
| Xtrackers CSI300 Swap Ucits ETF |
| Xtrackers MSCI World Swap Ucits ETF |
| Xtrackers Nifty 50 Swap Ucits ETF |
| Xtrackers S&P 500 Inverse Daily Swap (-1X)1 |
| Xtrackers S&P 500 Swap Ucits ETF |
| Xtrackers S&P ASX 200 Ucits ETF |
| Xtrackers Stoxx Global Select Dividend 100 Swap Ucits ETF |
