European Listed Exchange Traded Funds
ETF Liquidity Trends
ETF Volume
European ETF turnover remained at below average levels following the holiday
period with total monthly average daily turnover of E0.76bn (figure 9 on page 3
shows historic European ETF turnover). European fixed income ETF turnover
fell to E76.7m with money market ETFs continuing to be the main focus. Total
European ETF turnover is now over E0.89bn.
There were no new ETFs launched during the past week.
European Country ETFs remain the leading product area with total turnover of
E296m accounting for almost 39% of total ETF turnover. The DAX ETFs remain
the dominant country products with total average daily volume of E121m across
the four listed products and accounting for 16% of all Equity ETF volume.
Euro STOXX 50 ETFs accounted for 25% of turnover trading E190m per day
with liquidity split across nine ETFs and 29 different listings on 9 exchanges.
Market Share
The Deutsche Borse has the highest market share at 32.86% continuing to have
leading market share in country and sector ETFs. Euronext follows with market
share of 30.16% dominating flows in regional ETFs. The LSE’s combined Italian
Exchange and London market share has risen to 20.78%.
Assets under Management (AUM)
Total European Equity related AUM fell by 2.6% to E69.3bn. AUM for DJ Euro
STOXX 50 ETFs were E15bn accounting for over 21% of total European AUM.
Fixed Income ETF AUM rose by 1.1% on the previous week to E14.22bn.
Source: Deutsche Bank, Reuters
Figure 2: ETF Turnover by Index
Figure 1: Top 10 European Listed ETFs by volume
0 5 0 1 0 0 1 5 0 2 0 0 L e vD A X D J S T O XX 5 0 S M I S & P 5 0 0 S B X O M XS 3 0 F T S E 1 0 0 C A C 4 0 D A X D J E u ro S T O XX 5 0 Vo lu m e (€ m )
Deutsche Bank AG/London
All prices are those current at the end of the previous trading session unless otherwise indicated. Prices are sourced
from local exchanges via Reuters, Bloomberg and other vendors. Data is sourced from Deutsche Bank and subject
companies.
Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should
be aware that the firm may have a conflict of interest that could affect the objectivity of this report.
Investors should consider this report as only a single factor in making their investment decision.
Independent, third-party research (IR) on certain companies covered by DBSI's research is available to customers of
DBSI in the United States at no cost. Customers can access this IR at http://gm.db.com, or call 1-877-208-6300 to
request that a copy of the IR be sent to them.
DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1.
Portfolio & Index Strategy
9 January 2008
Nizam Hamid
44 20 7545 2955
[email protected]
Yvonne Sandford
44 20 7545 1368
[email protected]
IMPORTANT: PLEASE READ DISCLAIMERS AT THE END OF THIS REPORT
Deutsche Bank AG or one of its affiliates may make a market in one or more of the ETFs mentioned in this document.
This document has been prepared for institutional investors only.
This note is not intended to promote or offer any ETF in any jurisdiction in which an offer, solicitation, purchase or sale of such
fund would be unlawful under the securities laws of such jurisdiction.
Source: Deutsche Bank, Reuters (daily average volume over past month)
Global Markets Research
Index
Research
ETF Nam e Issuer Exch TER
Daily Avg Vol (Em ) iShares DAX (DE) BGI (DeutschlandDeutsche Bors 0.17% 83.24 Lyxor ETF DJ Euro STOXX 50 Lyxor Euronext Paris 0.25% 55.93 Lyxor ETF CAC 40 Lyxor Euronext Paris 0.25% 44.51
iShares FTSE 100 BGI London SE 0.40% 38.84
iShares DJ Euro STOXX 50 (DE) BGI (DeutschlandDeutsche Bors 0.17% 38.75 XACT OMXSB Xact Fonder AB Stockholmbors 0.30% 23.92 iShares DJ Euro STOXX 50 BGI Deutsche Bors 0.15% 21.28 Xact - Bear Xact Fonder AB Stockholmbors 0.60% 18.12 iShares DJ Euro STOXX 50 BGI Euronext Ams 0.15% 17.39 XMTCH on SMI Credit Suisse AMSw iss SE 0.38% 13.10
ETF Statistics
Source: Deutsche Bank, Reuters
Figure 4: ETF product market share summary
Source: Deutsche Bank 1 4 1 4 3 3 4 2 4 9 6 8 6 9 7 4 8 5 1 1 9 1 2 0 1 6 9 0 2 0 4 0 6 0 8 0 1 0 0 1 2 0 1 4 0 1 6 0 1 8 0 Euro S e ct o r Sec tor C o u n tr y Europe an Lev e ra ged G lo bal P a n-E u ro pea n R e gio nal Eu ro zo n e R egi on al E u rop ean C o unt ry G lob al R e gi on a l Ot h e r St yl e P a n-E u ro pea n Se ct o r Worl d C o u n tr y 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Eu ro S e ct o r Ot h e r S e ct o r C oun tr y G loba l R e gi ona l Gl ob al St yl e P a n -E u rope an Se ct o r P a n -E u rope an R e gi o nal E u ro pea n Le ve ra ge d Wo rl d Co u n tr y Eu ro zo n e R e gi onal E u rop ean C o untry Market Share
Contents
Statistics
2
Turnover
3
Market Share
5
AUM
6
ETF Share Changes
8
Fixed Income stats
8
Tracking errors
10
Average volume/aum
11
Reuters/BBG Codes
23
TER definitions
40
Other information
41
Sources Sources Sources Sources SourcesAssets under Management -Bloomberg / Price and volume used to calculate turnover -Reuters
Volume is daily average exchange reported volume. Daily average calculated using data from 8 December 2007 to 8 January 2008.
Figure 5: No of ETFs (including cross listing)
Source: Deutsche Bank, ReutersFigure 3: Exchange market share summary
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% He ls in ki SE ISE Os lo B o rs ATX Virt-X BME SW X S tockh ol m MT F LS E Ne xt T ra ck XTF
All Country Regional Sector Other
Source: Deutsche Bank
Figure 6: No of ETFs
(excluding cross listing)Sec tor Country 5
Global 14
Global Regional 16 Euro Sec tor 14 Pan-European Regional 17
Other 27
European - Lev eraged 21 Euroz one Regional 22
Sty le 45
W orld Country 46 European Country 46 Pan-European Sec tor 74
Eq u ity T o tal 347
Bond / Commodity
Commodity 23
European Lis ted ETC 55
Bond 56
Oth e r T o tal 134
T o tal Eu r o p e an ET Fs 481
New listings during the past week
Source: Deutsche Bank
ETF Name Issuer Exchange Bloomberg Reuters TER
ETF Turnover
Source: Deutsche Bank, Reuters
Table 7: Summary of Turnover
Source: Deutsche Bank, Reuters
Table 8: Summary of Market Share
Source: Deutsche Bank, Reuters
Figure 9: Historic European ETF turnover (Em)
0 2 0 0 4 0 0 6 0 0 8 0 0 1 , 0 0 0 1 , 2 0 0 1 , 4 0 0 1 , 6 0 0 1 , 8 0 0 M a y - 0 3 F e b - 0 4 N o v - 0 4 S e p - 0 5 J u n - 0 6 M a r - 0 7 J a n - 0 8 ET F Vo lu m e (Em )
All Co u n tr y Re g io n al Se cto r Oth e r
Hels inki SE 0.02% 0.03% 0.00% 0.00% 0.00% ISE 0.06% 0.13% 0.00% 0.00% 0.00% Os lo Bors 0.14% 0.27% 0.00% 0.00% 0.00% A TX 0.26% 0.16% 0.53% 0.00% 0.08% V irt-X 0.76% 0.91% 0.69% 1.76% 0.00% BME 1.58% 2.29% 1.29% 0.03% 0.03% SW X 5.15% 7.45% 3.09% 1.27% 2.39% Stoc kholm 8.23% 8.22% 0.00% 0.00% 31.05% MTF 9.33% 9.23% 7.37% 16.16% 12.21% LSE 11.45% 17.67% 3.37% 0.36% 10.36% Nex tTrac k 30.16% 21.23% 48.74% 27.50% 20.95% XTF 32.86% 32.41% 34.92% 52.91% 22.93% Su m 100.00% 100.00% 100.00% 100.00% 100.00% Turnov e r (Euro m) A ll C o u n tr y Re g io n al Se cto r Oth e r Hels inki SE 0.12 0.12 0.00 0.00 0.00 ISE 0.49 0.49 0.00 0.00 0.00 Os lo Bors 1.06 1.06 0.00 0.00 0.00 A TX 1.98 0.62 1.28 0.00 0.08 V irt-X 5.79 3.54 1.67 0.58 0.00 BME 12.07 8.92 3.11 0.01 0.03 SWX 39.26 29.03 7.44 0.42 2.37 Stoc kholm 62.80 32.00 0.00 0.00 30.79 MTF 71.14 35.93 17.77 5.33 12.11 LSE 87.33 68.83 8.12 0.12 10.27 Nex tTrac k 229.99 82.69 117.46 9.07 20.78 XTF 250.57 126.22 84.15 17.45 22.74 Su m 762.60 389.44 241.00 32.98 99.17 Turnov e r (Euro m)
Source: Deutsche Bank, Bloomberg
Figure 10: Historic European ETF AUM (Em)
0 1 0 , 0 0 0 2 0 , 0 0 0 3 0 , 0 0 0 4 0 , 0 0 0 5 0 , 0 0 0 6 0 , 0 0 0 7 0 , 0 0 0 8 0 , 0 0 0 M a y - 0 3 F e b - 0 4 N o v - 0 4 A u g - 0 5 M a y - 0 6 F e b - 0 7 N o v - 0 7 ET F A U M (Em )
Source: Deutsche Bank, Reuters
Figure 16: Turnover by European Sector
Source: Deutsche Bank, Reuters
Figure 17: Turnover by Sector Index Provider
European sectors classified using STOXX economic groups
0 1,000 2,000 3,000 4,000 5,000 6,000 Cons Sers
Technology Industrial Oil & Gas Utilities Cons Goods Telecoms Healthcare Basic Mats Financial
Volume (€000's) Volume (Em)
0 5 10 15 20 25
MSCI EURO STOXX STOXX
ETF Turnover
Source: Deutsche Bank, Reuters
Figure 14: ETF Turnover by Exchange
0 50 100 150 200 250 300 Helsinki SE ISE Oslo Bors ATX Virt-X BME SWX Stockholm MTF LSE NextTrack XTF Volume (€m)
Source: Deutsche Bank, Reuters
Figure 15: Regional ETF Turnover by Exchange
0% 10% 20% 30% 40% 50% 60% AT X V irt -X BM E SW X LS E MT F XT F Ne xtT ra ck Market Share Source: Deutsche Bank, Reuters
Figure 11: Turnover by ETF Index Type
Source: Deutsche Bank, Reuters
Figure 12: Turnover by Regional Index Type
Source: Deutsche Bank, Reuters
Figure 13: Turnover Per Country Index
0 5 0 1 0 0 1 5 0 2 0 0 2 5 0 3 0 0 3 5 0 E u ro S e c to r O th e r S e c to r C o u n try G lo b a l R e g io n a l G lo b a l S tyle P a n -E u r o p e a n S e c to r P a n- E u r o p e a n R e g io n a l E u ro p e a n L e ve ra g e d W o rld C o u n try E u r o z o n e R e g io n a l E u r o p e a n C o u n try V o lu m e ( E m ) 0 20 40 60 80 100 120 140 160 180 200 MSCI Europe ex UK MSCI Euro MSCI Europe DJ STOXX 50 DJ Euro STOXX 50 Volume (Em) 0 20 40 60 80 100 120 140
FTSE / Xinhua China 25 MSCI Brazil OMXS30 IBEX SMI S&P 500 SBX FTSE 100 CAC 40 DAX Volume (Em)
Source: Deutsche Bank, Reuters
Figure 19: Market Share by European Sector
Source: Deutsche Bank, Reuters
Figure 20: Market Share of Sectors by Exchange
ETF Market Share
Source: Deutsche Bank, Reuters
Figure 21: ETF fees versus Turnover (Em)
Source: Deutsche Bank, Reuters
Figure 22: Mkt Share of ETF Turnover by Exchange
0% 5% 10% 15% 20% 25% Co ns S er s Te chnol og y In d u str ia l Oi l & Ga s U tili tie s C ons G ood s Te le co m s He al th ca re B a si c M a ts F inanci a l Market Share 0% 10% 20% 30% 40% 50% 60%LSE Virt-X SWX MTF NextTrack XTF Market Share 0 50 100 150 200 250 0.00% 0.20% 0.40% 0.60% 0.80% 1.00%
Total Expense R atio
0% 5% 10% 15% 20% 25% 30% 35% H els in ki S E IS E Os lo Bo rs ATX Virt-X BME SW X S toc khol m MT F LSE Ne xt T ra ck XT F Market Share Source: Deutsche Bank, Reuters
Figure 18: Mkt Share of Country ETFs by Exchange
0% 5% 10% 15% 20% 25% 30% 35% H e ls in ki S E IS E AT X Os lo B o rs V irt -X BM E SW X S toc khol m MT F LS E Ne xt T ra ck XTF Market Share
This note is not intended to promote or offer any ETF in any jurisdiction in which an offer, solicitation, purchase
or sale of such fund would be unlawful under the securities laws of such jurisdiction.
This document is for general information purposes only and does not constitute an offer to sell any ETFs or an invitation or
recommendation to enter into any transaction. The full terms and conditions of any ETFs can be obtained free of charge
from your investment advisor. This document is issued by Deutsche Bank and the distribution of this document in certain
jurisdictions may be restricted by law.
ETFs may not be a suitable investment for you and can involve important legal and tax consequences and investment risks.
We strongly recommend you to consult your financial advisor prior to investing in ETFs.
Source: Deutsche Bank, Bloomberg
Figure 23: AUM per Underlying Index (Em)
Source: Deutsche Bank, Bloomberg
Figure 24: AUM per index type (Em)
ETF Assets under Management
Figure 25: Top 15 European Listed ETFs by AUM
Source: Deutsche Bank, Bloomberg * Management fee as TER unavailable
ETF Nam e
Issuer
TER
Dom icile
AUM
(Em )
Lyxor ETF DJ Euro STOXX 50
Lyxor
0.25%
Fra
4,265.12
iShares DJ Euro STOXX 50 (DE)
BGI (Deutschland) AG
0.17%
Ger
4,045.13
iShares DJ Euro STOXX 50
BGI
0.15%
Ire
4,043.16
iShares DAX (DE)
BGI (Deutschland) AG
0.17%
Ger
3,199.79
Lyxor ETF CAC 40
Lyxor
0.25%
Fra
2,985.54
iShares FTSE 100
BGI
0.40%
Ire
2,303.79
iShares S&P 500 Index Fund (IUSA)
BGI
0.40%
Ire
1,833.38
XMTCH on SMI
Credit Suisse AM
0.38%
Sw it
1,671.44
db x-trackers MSCI Emerging Markets TRN Index ETFdb x-trackers
0.65%
Lux
1,487.52
iShares MSCI Japan
BGI
0.59%
Ire
1,243.32
EasyETF CAC 40
AXA IM / BNP Paribas
0.25%
Fra
1,123.32
iShares Dow Jones Euro STOXX Select Dividend 30 BGI (Deutschland) AG
0.32%
Ger
1,003.86
iShares MSCI Emerging Markets
BGI
0.74%
Ire
966.58
db x-trackers DJ Euro STX 50
db x-trackers
0.15%
Lux
954.77
SPDR Europe 350
Credit Agricole AM
0.35%
Ire
948.13
0 5,000 10,000 15,000 20,000 Sector Country Euro Sector European Leveraged Global Regional Other Style Global Pan-European Regional Pan-European Sector World Country Eurozone Regional European Country
Assets under Management (Em) 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000
MSCI Japan MSCI World DJ Euro STOXX Select Dividend S&P 500 SMI FTSE 100 MSCI Emerging Markets DAX CAC 40 DJ Euro STOXX 50
Source: Deutsche Bank, Bloomberg
Figure 26: ETF volume versus AUM (Em)
Source: Deutsche Bank, Bloomberg
Figure 27: ETF Fees versus AUM (Em)
0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 0 1,000 2,000 3,000 4,000 5,000 6,000 A ssets Unde r Manag em e nt (m )
T u rnov er ( m ) 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 0.00 % 0.10 % 0.20 % 0.30 % 0.40 % 0.50 % 0.60 % 0.70 % 0.80 % 0.90 % 1.00 % TE R A ss e ts u n der Mana gement (Em )
ETF Assets under Management
Source: Deutsche Bank, Bloomberg
Figure 28: Top increases in Shares (ranked by Change in Em)
Source: Deutsche Bank, Bloomberg
Figure 29: Top decreases in Shares (ranked by Change in Em)
Weekly ETF Share Changes
ETF Nam e Share Change % change
Change in Euro (m )
db x-trackers DJ Euro STX 50 3,000,000 15.75% 129.90 db x-trackers II iBoxx E Sovereigns Eurozone 1-3 TR In 290,000 59.29% 40.02 iShares DJ STOXX Select Dividend 30 (DE) 642,000 15.49% 19.13 iShares MSCI Emerging Markets 400,000 1.32% 12.55 Lyxor ETF MSCI Europe 100,000 2.92% 12.49
EasyETF CAC 40 200,000 0.99% 11.03
iShares FTSE 100 (DE) 100,600 10.63% 8.72 Market Access South-East Europe Traded Index Fund 334,100 668.20% 8.20 iShares FTSE All Stocks Gilt 500,000 3.57% 6.73
Xact - Bull 400,000 11.11% 6.69
iShares DJ Euro STOXX Telecommunication (DE) 100,200 2.70% 5.69 iShares € Government Bond 1-3 40,000 1.79% 5.28 iShares DJ STOXX 600 Chemicals Sw ap (DE) 50,000 25.06% 4.19 iShares S&P Global Water 50 200,000 5.71% 3.77 Market Access DAXglobal Asia Index Fund 124,800 249.60% 3.74
ETF Name
Share Change
% change
Change in Euro
(m )
Lyxor ETF FTSE RAFI Europe
-970,000
-64.67%
-58.62
iShares S&P 500 Index Fund (IUSA)
-4,750,000
-2.43%
-45.59
iShares DJ Euro STOXX 50 (DE)
-995,700
-1.06%
-43.25
EasyETF Euro Telecom
-55,800
-21.64%
-35.85
streetTracks AEX
-500,000
-12.05%
-25.00
EasyETF DJ Euro STOXX
-48,900
-15.13%
-20.52
iShares AEX Tracker
-400,000
-20.00%
-19.86
iShares FTSE/EPRA European Property
-300,000
-3.23%
-7.99
EasyETF Euro Healthcare
-14,000
-9.32%
-7.77
iShares MSCI Turkey
-200,000
-5.41%
-6.34
iShares DJ STOXX 600 Health Care (DE)
-149,700
-2.68%
-6.13
Lyxor ETF DJ STOXX 600 Food & Beverage
-174,000
-3.87%
-5.79
Lyxor ETF DJ STOXX 600 Chemicals
-92,700
-6.39%
-4.87
iShares TecDAX (DE)
-198,700
-2.25%
-1.80
Unico-MSCI Europe
-13,200
-3.23%
-1.56
Figure 33: Top 15 European Listed Bond ETFs by AUM
Source: Deutsche Bank, Bloomberg * Management fee as TER unavailable
ETF Nam e
Issuer
TER
Dom icile
AUM
(Em )
iShares eb.rexx Government Germany 5.5-10.5 (DE)BGI (Deutschland) AG
0.15%
Ger
1,442.61
db x-trackers II EONIA TR Index ETF
db x-trackers
0.15%
Lux
1,413.16
Lyxor ETF EuroMTS Global
Lyxor
0.17%
Fra
1,130.51
Lyxor ETF EuroMTS 1-3Y
Lyxor
0.17%
Fra
756.65
Lyxor ETF EuroMTS 3-5Y
Lyxor
0.17%
Fra
755.26
Lyxor ETF Euro Cash
Lyxor
0.15%
Fra
688.11
iShares eb.rexx Government Germany 2.5-5.5 (DE) BGI (Deutschland) AG
0.15%
Ger
681.94
iShares € Corporate Bond
BGI
0.20%
Ire
641.70
iShares eb.rexx Government Germany (DE)
BGI (Deutschland) AG
0.16%
Ger
560.25
iShares eb.rexx Jumbo Pfandbriefe (DE)
BGI (Deutschland) AG
0.09%
Ger
557.60
iShares eb.rexx Government Germany 1.5-2.5 (DE) BGI (Deutschland) AG
0.15%
Ger
499.74
iShares eb.rexx Govt Germany 10.5+ (DE)
BGI (Deutschland) AG
0.15%
Ger
384.70
Lyxor ETF EuroMTS Infl Link
Lyxor
0.20%
Fra
359.07
iShares € Government Bond 1-3
BGI
0.20%
Ire
300.77
Xmtch on SBI Dom. Gov. 3-7
Credit Suisse AM
0.15%
Sw it
297.45
Source: Deutsche Bank, Datastream
Figure 30: Top 10 European Bond ETFs by volume
Fixed Income ETF Statistics
Source: Deutsche Bank, Reuters
Figure 31: Historic Eur Bond ETF turnover (Em)
Source: Deutsche Bank, Reuters
Figure 32: Historic Eur Bond ETF AUM (Ebn)
0.00 20.00 40.00 60.00 80.00 100.00 120.00
May-03 Jan-04 Sep-04 May-05 Jan-06 Sep-06 May-07
Tru nov er (E m )
Bond ETF Growth in Turnover
0 .0 0 2 .0 0 4 .0 0 6 .0 0 8 .0 0 1 0 .0 0 1 2 .0 0 1 4 .0 0 1 6 .0 0 M a y -0 3 No v -0 3 M a y -0 4 No v -0 4 M a y -0 5 No v -0 5 M a y -0 6 No v -0 6 M a y -0 7 No v -0 7 AU M (Eb n) B o nd E TF G ro w th in AUM
ETF Nam e Exchange Issuer TER
Daily Avg Vol (Em)
db x-trackers II EONIA TR Index ETF DE, IT db x-trackers 0.15% 11.10
Lyxor ETF Euro Cash FR, IT Lyxor 0.15% 11.07
iShares eb.rexx Government Germany 2.5-5.5 (DE) DE BGI (Deutschland) AG 0.15% 10.20
Lyxor ETF EuroMTS Global DE, FR, IT Lyxor 0.17% 5.54
Lyxor ETF EuroMTS 1-3Y DE, FR, IT Lyxor 0.17% 3.94
Lyxor ETF EuroMTS 3-5Y DE, FR, IT Lyxor 0.17% 3.59
Lyxor ETF EuroMTS 10-15Y DE, FR, IT Lyxor 0.17% 2.83
iShares | Corporate Bond CH, DE, IT, GB, MXBGI 0.20% 2.72
Lyxor ETF EuroMTS 5-7Y DE, FR, IT Lyxor 0.17% 2.55
ETF Statistics by Issuer
Figure 36: ETF Issuers Ranked by Daily Avg Volume
Figure 37: ETF Issuers Ranked by AUM
Source: Deutsche Bank, DatastreamFigure 34: Top 10 European ETF Issuers by Volume
Source: Deutsche Bank, Datastream
Figure 35: Top 10 European ETF Issuers by AUM
Source: Deutsche Bank, Reuters Source: Deutsche Bank, Reuters
0 5 , 0 0 0 1 0 , 0 0 0 1 5 , 0 0 0 2 0 , 0 0 0 2 5 , 0 0 0 L y x o r B G I B G I ( D e u t s c h la n d ) A G d b x - t r a c k e r s A X A I M / B N P P a r i b a s C r e d i t S u i s s e A M C r e d i t A g r i c o le A M E T F S e c u r i t i e s L t d G o ld B u lli o n H o ld i n g s L t d U B S A U M ( E m ) 0 5 0 1 0 0 1 5 0 2 0 0 2 5 0 3 0 0 L y x o r B G I B G I ( D e u t s c h la n d ) A G X a c t F o n d e r A B d b x - t r a c k e r s E T F S e c u r i t i e s L t d C r e d i t S u i s s e A M G o ld B u lli o n H o ld i n g s L t d S G A M A X A I M / B N P P a r i b a s V o lu m e ( E m ) Issuer Daily Avg
Vol (Em ) Mkt Share
Lyxor 271.00 30.48% BGI 206.18 23.19% BGI (Deutschland) AG 184.66 20.77% Xact Fonder AB 63.22 7.11% db x-trackers 45.12 5.08% ETF Securities Ltd 28.16 3.17% Credit Suisse AM 19.99 2.25% Gold Bullion Holdings Ltd 12.15 1.37%
SGAM 11.27 1.27%
AXA IM / BNP Paribas 10.36 1.17% BBVA Gestion SA SGIIC 8.09 0.91%
UBS 7.11 0.80%
State Street Global Advisors 6.33 0.71% Credit Agricole AM 4.25 0.48% Zuercher Kantonalbank 2.83 0.32% Nasdaq Fin Prod Services 2.24 0.25% ABN Amro Bank NV 1.33 0.15%
JP Morgan 1.12 0.13% Santander 0.82 0.09% BNP Paribas 0.68 0.08% DnB NOR Kapitalforvaltning/Norw a 0.67 0.08% NCB Stockbrokers 0.49 0.06% DVG 0.26 0.03%
Unico Asset Man 0.20 0.02%
Pow erShares 0.18 0.02%
Beta Etfund PLC 0.12 0.01% Seligson & Co Fund Man 0.09 0.01% SPA ETF Europe Ltd 0.08 0.01% Erste Sparinvest KAG 0.03 0.00% PDR Services LLC 0.00 0.00%
Dexia AM 0.00 0.00%
Issuer AUM (Em) Mkt Share
Lyxor 21,447.50 23.98% BGI 19,891.99 22.25% BGI (Deutschland) AG 18,647.44 20.85% db x-trackers 7,378.59 8.25% AXA IM / BNP Paribas 4,285.84 4.79% Credit Suisse AM 3,367.83 3.77% Credit Agricole AM 2,030.09 2.27% ETF Securities Ltd 1,737.44 1.94% Gold Bullion Holdings Ltd 1,735.98 1.94%
UBS 1,730.65 1.94%
Xact Fonder AB 1,683.11 1.88% State Street Global Advisors 1,552.46 1.74% Zuercher Kantonalbank 762.23 0.85%
SGAM 521.10 0.58%
BBVA Gestion SA SGIIC 510.87 0.57%
DVG 473.17 0.53%
Santander 344.57 0.39%
Nasdaq Fin Prod Services 319.12 0.36% Unico Asset Man 197.73 0.22% ABN Amro Bank NV 155.39 0.17%
BNP Paribas 145.00 0.16%
Seligson & Co Fund Man 143.45 0.16% Beta Etfund PLC 133.20 0.15%
JP Morgan 91.14 0.10%
NCB Stockbrokers 51.40 0.06% DnB NOR Kapitalforvaltning/Norw a 32.61 0.04% SPA ETF Europe Ltd 26.75 0.03%
Pow erShares 24.35 0.03%
Dexia AM 0.00 0.00%
Source: Deutsche Bank, Datastream
Figure 34: Regional ETFs and Tracking Errors (1 Year)
Source: Deutsche Bank, Datastream
Figure 35: European Country Indices and Tracking Errors (1 Year)
European Country Indices
FTSE Ctry
MSCI Ctry
AEX 4.26
9.53
CAC 40
0.86
7.33
DAX
1.41
28.96
FTSE 100
7.77
0.67
HEX 25
9.67
49.52
MSCI UK
7.73
0.00
OMX
2.40
5.13
SMI
0.68
4.04
S&P MIB
1.07
4.22
Equivalent Benchm ark
Pan Europe
ETF Index
DJ STOXX
MSCI Europe
FTSE Europe
DJ STOXX 50
2.68
2.56
7.06
FTSE Eurotop 100
2.09
1.85
6.82
MSCI Pan Euro Index
1.04
0.71
6.53
Eurozone
DJ EURO STOXX
MSCI EMU FTSE Eurozone
DJ Euro STOXX 50
2.44
2.40
13.17
FTSE Euro 100
1.33
1.16
12.85
MSCI Euro
0.97
0.69
0.67
FTSEurofirst 80
1.81
1.63
0.73
Equivalent Benchm ark
Equivalent Benchm ark
European Listed ETFs
Eurozone ETFs
12
Pan-European ETFs
12
European Country ETFs
13
Regional ETFs
14
World Country ETFs
15
Country/Sector ETFs
15
Pan-European Sector ETFs
16
European Sector ETFs
18
Style ETFs
19
Other ETFs
20
Bond / Commodity ETFs
21
European Listed ETFs
Eurozone ETFs
Source: Deutsche Bank, Bloomberg, Reuters * Management fee as TER unavailable
Source: Deutsche Bank, Bloomberg, Reuters
European Listed ETFs
Pan Europe ETFs
ETF Nam e Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m )
EasyETF DJ Euro STOXX AXA IM / BNP Paribas FR, IT 0.35% Fra 0.85 115.2 iShares Dow Jones Euro STOXX (DE) BGI (Deutschland) AG DE 0.21% Ger 0.30 215.2 Lyxor ETF DJ Euro STOXX 50 Lyxor AT, CH, DE, ES, FR, IT 0.25% Fra 72.54 4,265.1 iShares DJ Euro STOXX 50 BGI CH, DE, FR, GB, IT, NL, VX 0.15% Ire 61.24 4,043.2 iShares DJ Euro STOXX 50 (DE) BGI (Deutschland) AG AT, CH, DE, FR 0.17% Ger 46.42 4,045.1 db x-trackers DJ Euro STX 50 db x-trackers CH, DE, IT 0.15% Lux 4.36 954.8 BBVA-Accion DJ Euro STOXX 50 BBVA Gestion SA SGIIC ES 0.15% Sp 2.62 167.5 UBS-ETF DJ Euro STOXX 50 UBS CH, DE, VX 0.35% Lux 2.04 365.0 EasyETF Euro STOXX 50-B AXA IM / BNP Paribas FR 0.25% Fra 0.32 288.8 UBS-ETF Euro STOXX 50 I UBS CH, DE, FR 0.15% Lux 0.18 206.8 Deutsche Bank Euro STOXX 50 DVG DVG DE 0.15% Ger 0.09 302.9 EasyETF Euro STOXX 50-A AXA IM / BNP Paribas FR 0.45% Fra 0.01 35.4 iShares DJ EuroSTOXX MidCap BGI CH, DE, FR, GB, IT, NL, VX 0.40% Ire 0.93 189.5 iShares DJ EuroSTOXX SmallCap BGI CH, DE, FR, GB, IT, NL, VX 0.40% Ire 0.82 208.7 Lyxor ETF FTSEurofirst 80 Lyxor FR 0.35% Fra 0.44 44.0 iShares FTSEurofirst 80 BGI CH, DE, FR, GB, IT, NL, VX 0.40% Ire 0.34 158.9 XMTCH (Lux) on MSCI EMU Mid Cap Credit Suisse AM CH 0.40% Lux 0.44 17.8 Lyxor ETF MSCI EMU Small Cap Lyxor CH, DE, ES, FR, IT 0.40% Fra 0.79 77.3 XMTCH (Lux) on MSCI Euro* Credit Suisse AM CH, DE 0.53% Lux 2.75 828.9
B1 - MSCI Euro Beta Etfund PLC IT 0.62% Ire 0.06 63.0
streetTRACKS MSCI Eur SM Cap State Street Global Advisors FR 0.50% Fra 0.00 20.7 SPDR Euro Credit Agricole AM FR, IT, VX 0.35% Ire 0.46 264.9
ETF Name Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em) AUM (Euro m)
iShares DJ STOXX 50 BGI CH, DE, FR, GB, IT, NL, VX 0.35% Ire 10.12 795.7 iShares DJ STOXX 50 (DE) BGI (Deutschland) AG CH, DE, FR 0.52% Ger 4.58 295.9 EasyETF STOXX 50-B AXA IM / BNP Paribas FR 0.30% Fra 0.07 45.4 EasyETF STOXX 50-A AXA IM / BNP Paribas FR 0.45% Fra 0.03 22.9 iShares DJ STOXX 600 (DE) BGI (Deutschland) AG DE 0.19% Ger 1.66 495.2 iShares DJ STOXX Large 200 (DE) BGI (Deutschland) AG DE 0.21% Ger 0.06 27.8 iShares DJ STOXX Mid 200 (DE) BGI (Deutschland) AG DE 0.21% Ger 0.09 197.9 iShares DJ STOXX Small 200 (DE) BGI (Deutschland) AG DE 0.21% Ger 0.15 45.6 iShares FTSEurofirst 100 BGI CH, DE, FR, GB, IT, NL, VX 0.40% Ire 0.42 98.2 Lyxor ETF MSCI Europe Lyxor CH, DE, FR, IT 0.35% Fra 3.21 439.5 streetTRACKS MSCI Europe State Street Global Advisors FR 0.50% Fra 3.02 723.4 db x-trackers MSCI Europe TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.30% Lux 0.99 152.3 iShares MSCI Europe BGI CH, DE, FR, GB, NL 0.35% Ire 0.03 36.3 Unico-MSCI Europe Unico Asset Man DE 0.72% Lux 0.01 46.8 iShares MSCI Europe ex UK BGI CH, DE, FR, GB, IT, NL 0.40% Ire 2.61 230.5 B1 - MSCI Pan Euro Beta Etfund PLC IT 0.50% Ire 0.02 50.1 SPDR Europe 350 Credit Agricole AM FR, IT, VX 0.35% Ire 1.93 948.1
European Listed ETFs
European Country ETFs
Source: Deutsche Bank, Bloomberg, Reuters * Management fee as TER unavailable
ETF Name Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m)
iShares AEX Tracker BGI GB, NL 0.30% Ire 2.10 79.5
streetTracks AEX State Street Global Advisors NL 0.30% Fra 1.12 182.5 iShares ATX (DE) BGI (Deutschland) AG AT,DE 0.30% Ger 0.59 46.7
Lyxor ETF BEL 20 Lyxor BE 0.50% Fra 0.13 32.7
Lyxor ETF CAC 40 Lyxor FR 0.25% Fra 44.51 2,985.5
CAC40 Indexis Credit Agricole AM FR 0.25% Fra 1.86 817.0 EasyETF CAC 40 AXA IM / BNP Paribas FR 0.25% Fra 1.86 1,123.3 iShares DAX (DE) BGI (Deutschland) AG AT, DE 0.17% Ger 83.37 3,199.8 Lyxor ETF DAX Lyxor CH, DE, FR, IT 0.15% Lux 31.39 384.0 db x-trackers DAX ETF db x-trackers CH, DE 0.15% Lux 6.64 304.2
Deutsche Bank DAX DVG DVG DE 0.15% Ger 0.17 170.3
UBS-ETF DJ Germany Titans 30 UBS DE 0.55% Lux 0.09 26.1
Lyxor ETF FTSE 100 Lyxor GB 0.30% Fra 3.03 227.3
db x-trackers FTSE 100 ETF db x-trackers DE, GB 0.30% Lux 0.17 130.1 iShares FTSE 100 BGI GB, IT, NL, VX 0.40% Ire 39.37 2,303.8
UBS-ETF FTSE 100 UBS CH, DE, VX 0.55% Lux 0.36 104.9
iShares FTSE 100 (DE) BGI (Deutschland) AG DE 0.51% Ger 0.17 90.7
iShares FTSE 250 BGI GB 0.40% Ire 6.71 288.4
Lyxor ETF FTSE 250 Lyxor GB 0.35% Fra 0.06 59.4
db x-trackers FTSE 250 ETF db x-trackers DE, GB 0.35% Lux 0.01 242.7
Lyxor ETF FTSE All-Share Lyxor GB 0.40% Fra 0.90 97.1
db x-trackers FTSE All Share ETF db x-trackers DE 0.40% Lux 0.00 28.5 BBVA-Accion IBEX ETF BBVA Gestion SA SGIIC ES 0.33% Sp 5.17 224.1
Lyxor ETF IBEX 35 Lyxor ES 0.30% Fra 2.63 77.6
Flame ETF IBEX 35 Santander ES 0.30% Sp 0.82 62.3
Flame ETF IBEX Mid Caps Santander ES 0.40% Sp 0.00 225.5 Flame ETF IBEX Small Cap Santander ES 0.40% Sp 0.00 56.8
ISEQ 20 ETF NCB Stockbrokers IE 0.50% Ire 0.49 51.4
iShares MDAX (DE) BGI (Deutschland) AG DE 0.52% Ger 5.45 141.0 Lyxor ETF MSCI Greece Lyxor DE, FR, IT 0.45% Fra 0.20 20.8 DNB NOR OBX DnB NOR Kapitalforvaltning/Norw a NO 0.60% Nor 0.67 32.6
XACT OBX Xact Fonder AB NO 0.30% Nor 0.40 57.5
Seligson & Co OMX Helsinki 25 ETF Seligson & Co Fund Man FI 0.23% Fin 0.09 143.5
XACT OMXH25 Xact Fonder AB FI 0.25% Fin 0.02 2.3
XACT OMXS30 Xact Fonder AB SE 0.31% Sw ed 8.09 267.5
Lyxor ETF S&P/MIB Lyxor IT 0.35% Fra 3.86 360.5
db x-trackers S&P/MIB ETF db x-trackers CH, DE, IT 0.30% Lux 0.38 18.9
iShares S&P/MIB BGI GB 0.35% Ire 0.00 6.7
XACT OMXSB Xact Fonder AB SE 0.30% Sw ed 23.92 736.6
UBS-ETF SLI UBS CH 0.35% Sw it 0.25 34.6
XMTCH on SMI Credit Suisse AM CH, DE 0.38% Sw it 13.15 1,671.4
UBS-ETF SMI UBS CH 0.35% Sw it 1.01 305.8
db x-trackers SMI ETF db x-trackers CH, DE, IT 0.30% Lux 1.01 141.9 iShares SMI (DE) BGI (Deutschland) AG CH, DE 0.52% Ger 0.94 50.6 XMTCH on SMIM Credit Suisse AM CH 0.51% Sw it 1.41 330.9
European Listed ETFs
Regional ETFs
Source: Deutsche Bank, Bloomberg, Reuters
European Listed ETFs
World ETFs
Source: Deutsche Bank, Bloomberg, Reuters
ETF Nam e Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m )
Lyxor ETF Eastern Europe (CECE EUR) Lyxor AT, CH, DE, ES, FR, IT 0.50% Fra 2.95 333.3 Market Access DAXglobal Asia Index Fund ABN Amro Bank NV AT, CH, DE, NL 0.70% Lux 0.01 5.2 Market Access DAXglobal BRIC Index Fund ABN Amro Bank NV AT, CH, DE, NL 0.70% Lux 0.08 2.5 iShares DJ STOXX EU Enlarged 15 (DE) BGI (Deutschland) AG AT, DE 0.51% Ger 0.15 55.5 iShares FTSE BRIC 50 Fund BGI CH, DE, FR, GB, GB$, IT, NL 0.74% Ire 1.46 77.0 Lyxor ETF MSCI AC Asia Pacific ex Japan Lyxor DE, FR, IT 0.65% Fra 1.23 143.9 Lyxor ETF MSCI AC Asia Pacific ex Japan Lyxor GB, GB$ 0.65% Fra 0.01 0.0 iShares MSCI AC Far East ex-Japan BGI CH, DE, FR, GB, GB$, IT, NL 0.50% Ire 2.68 387.7 db x-trackers MSCI EM Asia TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.65% Lux 0.14 27.0 iShares MSCI Eastern Europe BGI CH, DE, FR, GB, GB$, IT, NL 0.74% Ire 2.52 228.1 db x-trackers MSCI EM EMEA TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.65% Lux 0.17 14.0 db x-trackers MSCI EM Latam TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.65% Lux 0.47 24.0 iShares MSCI Latin America BGI GB, GB$ 0.74% Ire 0.12 5.3 Lyxor ETF MSCI EM Latin America Lyxor DE, ES, FR, IT 0.65% Fra 1.18 52.2 iShares MSCI North America BGI CH, DE, FR, GB, GB$, IT, NL 0.40% Ire 0.81 212.7 Market Access South-East Europe Traded Index FunABN Amro Bank NV AT, CH, DE, NL 0.70% Lux 0.04 9.4
ETF Name Issuer Exchange Listings
Total Expense
Ratio Dom icile
Total Daily Avg Vol (Em)
AUM (Euro m)
iShares DJ Global Titans 50 (DE) BGI (Deutschland) AG DE 0.52% Ger 0.38 61.9 Lyxor ETF DJ Global Titans 50 Lyxor AT, DE, FR, IT 0.40% Fra 0.06 49.1 EasyETF Global Titans 50 AXA IM / BNP Paribas FR 0.45% Fra 0.01 8.5 BBVA-Accion FTSE Latibex Top ETF BBVA Gestion SA SGIIC ES 0.55% Sp 0.01 6.5 iShares MSCI Emerging Markets BGI CH, DE, FR, GB, GB$, IT, NL 0.74% Ire 6.62 966.6 Lyxor ETF MSCI Emerging Markets Lyxor DE, ES, FR, IT 0.65% Fra 1.34 168.6 db x-trackers MSCI Emerging Markets TRN Index ETFdb x-trackers CH, DE, GB, GB$, IT 0.65% Lux 1.03 1,487.5 XMTCH Lux on MSCI Emerging Markets Credit Suisse AM CH 0.75% Lux 0.10 92.7 iShares MSCI World BGI CH, DE, FR, GB, GB$, IT, NL 0.50% Ire 5.73 642.5 Lyxor ETF MSCI World Lyxor DE, FR, IT 0.45% Fra 0.75 449.2 db x-trackers MSCI World TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.45% Lux 0.49 184.3 Lyxor ETF MSCI World (USD) Lyxor CH 0.45% Fra 0.19 25.1 Unico-MSCI World Unico Asset Man DE 0.72% Lux 0.19 150.9 ESPA Stock NTX Erste Sparinvest KAG AT 0.90% Austria 0.03 0.0
European Listed ETFs
Country / Sector ETFs
Source: Deutsche Bank, Bloomberg, Reuters Source: Deutsche Bank, Bloomberg, Reuters
World Country ETFs
ETF Name Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m)
UBS-ETF DJ US Technology UBS CH, DE, VX 0.65% Lux 0.50 26.3 Pow erShares EQQQ Fund Nasdaq Fin Prod Services CH, DE, GB, IT, VX 0.20% Ire 2.24 319.1 Lyxor ETF Nasdaq 100 Lyxor DE, ES, FR, IT 0.30% Fra 2.03 177.3 iShares NASDAQ-100 (DE) BGI (Deutschland) AG DE 0.30% Ger 0.32 105.3 iShares TecDAX (DE) BGI (Deutschland) AG DE 0.52% Ger 1.34 78.1
European Listed ETFs
ETF Name Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em) AUM (Euro m )
BBVA-Accion FTSE Latibex Brasil ETF BBVA Gestion SA SGIIC ES 0.55% Sp 0.09 112.7
Lyxor ETF Brazil (Ibovespa) Lyxor CH, DE, IT, FR 0.65% Fra 2.63 177.8
Lyxor ETF Brazil Lyxor GB, GB$ 0.65% Fra 0.03 0.0
iShares MSCI Brazil BGI CH, DE, FR, GB, GB$, IT, NL 0.74% Ire 6.36 399.7
db x-trackers MSCI Brazil TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.65% Lux 1.54 120.1
iShares Dow Jones China Offshore 50 (DE) BGI (Deutschland) AG DE 0.60% Ger 0.61 26.8
iShares FTSE / Xinhua China 25 Fund BGI CH, DE, FR, GB, GB$, IT, NL, V 0.74% Ire 7.54 586.7
db x-trackers FTSE/Xinhua China 25 ETF db x-trackers CH, DE, GB, GB$, IT 0.60% Lux 1.42 112.8
Lyxor ETF China Enterprise Lyxor DE, ES, FR, IT 0.65% Fra 6.84 603.3
Lyxor ETF China Enterprise (HSCEI) (GBP) Lyxor GB, GB$ 0.65% Fra 0.02 0.0
Lyxor ETF Hong Kong (HSI) Lyxor DE, FR, IT 0.65% Fra 0.91 91.9
Lyxor ETF MSCI India Lyxor DE, ES, FR, IT 0.85% Fra 6.32 728.5
Lyxor ETF MSCI India (USD) Lyxor CH 0.85% Fra 0.24 49.4
db x-trackers S&P CNX Nifty ETF db x-trackers CH, DE, GB, GB$, IT 0.85% Lux 0.49 87.6
Lyxor ETF India (S&P CNX Nifty) (GBP) Lyxor GB, GB$ 0.85% Fra 0.26 43.5
UBS-ETF DJ Japan Titans 100 UBS CH, DE, VX 0.55% Lux 1.33 300.1
UBS ETF DJ Japan Titans 100 I UBS CH 0.20% Lux 0.02 212.8
iShares MSCI Japan BGI CH, DE, FR, GB, IT, NL, VX 0.59% Ire 5.19 1,243.3
db x-trackers MSCI Japan TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.50% Lux 1.83 164.5
iShares Nikkei 225 (DE) BGI (Deutschland) AG DE 0.50% Ger 0.68 93.0
Lyxor ETF Japan Topix Lyxor DE, FR, IT 0.50% Fra 2.63 315.2
Lyxor ETF Japan Topix (YEN) Lyxor CH 0.50% Fra 0.15 65.3
Lyxor ETF Japan Topix (GPB) Lyxor GB, GB$ 0.50% Fra 0.00 26.2
iShares MSCI Korea BGI CH, DE, FR, GB, GB$, IT, NL 0.74% Ire 1.58 118.8
Lyxor ETF MSCI Korea Lyxor DE, FR, HK, IT 0.65% Fra 1.38 88.7
db x-trackers MSCI Korea TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.65% Lux 1.09 35.7
Market Access DAXglobal Russia Index Fund ABN Amro Bank NV AT, CH, DE, NL 0.70% Lux 0.03 6.0
Lyxor ETF Russia (DJ Rus Index Titans 10) (EUR) Lyxor DE, ES, FR, IT 0.65% Fra 4.57 462.3
Lyxor ETF Russia (DJ Rus Index Titans 10) (GBP) Lyxor GB, GB$ 0.65% Fra 0.17 31.2
Lyxor ETF Russia (DJ Rus Index Titans 10) (USD) Lyxor CH 0.65% Fra 0.18 56.1
Market Access FTSE/JSE Africa Top 40 Index Fund ABN Amro Bank NV AT, CH, DE, NL 0.70% Lux 0.03 4.7
Lyxor ETF South Africa (FTSE JSE Top40) (GBP) Lyxor GB, GB$ 0.65% Fra 5.55 31.1
Lyxor ETF South Africa (FTSE JSE Top40) Lyxor DE, FR, IT 0.65% Fra 0.75 48.2
iShares MSCI Taiw an BGI CH, DE, FR, GB, GB$, IT, NL 0.74% Ire 1.66 176.0
db x-trackers MSCI Taiw an TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.65% Lux 0.25 72.4
Lyxor ETF Turkey Titans 20 Lyxor CH, DE, FR, IT 0.65% Fra 1.67 166.9
Market Access DJ Turkey Titans 20 Index Fund ABN Amro Bank NV AT, CH, DE 0.60% Lux 0.00 0.0
iShares MSCI Turkey BGI CH, DE, FR, GB, GB$, IT, NL 0.74% Ire 2.38 111.0
UBS-ETF DJ US (Large Cap) UBS CH, DE, VX 0.35% Lux 0.21 55.9
iShares DJ Industrial Average (DE) BGI (Deutschland) AG DE 0.52% Ger 1.41 111.0
UBS-ETF DJ Industrial Average UBS CH, DE, VX 0.55% Lux 1.12 92.6
Lyxor ETF Dow Jones Industrial Average Lyxor AT, CH, DE, ES, FR, IT 0.50% Fra 1.07 348.8
DJIA Diamonds ("Diamond") PDR Services LLC NL 0.18% USA 0.00 0.0
db x-trackers MSCI USA TRN Index ETF db x-trackers CH, DE, GB, GB$, IT 0.30% Lux 0.86 160.6
Lyxor ETF MSCI USA Lyxor DE, FR, IT 0.35% Fra 0.80 215.5
Lyxor ETF MSCI USA (USD) Lyxor CH 0.35% Fra 0.05 27.6
European Listed ETFs
Pan-European Sector ETFs
Source: Deutsche Bank, Bloomberg, Reuters
ETF Nam e Is sue r Exchange Lis tings
Total Expe ns e
Ratio Dom icile
Total Daily Avg Vol (Em )
AUM (Euro m ) Autom obiles & Parts
Lyxor ETF DJ STOXX 600 Automobiles & Parts Lyxor DE, FR, IT 0.30% Fra 0.33 42.0
iShares DJ STOXX 600 Automobiles & Parts (DE) BGI (Deutschland) AG DE 0.52% Ger 0.28 34.4
iShares DJ STOXX 600 Automobiles & Parts Sw ap ( BGI (Deutschland) AG DE 0.32% Ger 0.38 35.4
Banks
iShares DJ STOXX 600 Banks (DE) BGI (Deutschland) AG DE 0.52% Ger 4.13 118.8
Lyxor ETF DJ STOXX 600 Banks Lyxor DE, FR, IT 0.30% Fra 1.60 138.3
db x-trackers DJ STOXX 600 Banks ETF db x-trackers DE, IT 0.30% Lux 0.58 24.2
iShares DJ STOXX 600 Banks Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.49 105.9
Bas ic Res ource s
iShares DJ STOXX 600 Basic Resources (DE) BGI (Deutschland) AG DE 0.52% Ger 3.99 247.1
db x-trackers DJ STOXX 600 Basic Resources ETF db x-trackers DE, IT 0.30% Lux 3.02 17.3
Lyxor ETF DJ STOXX 600 Basic Resources Lyxor DE, FR, IT 0.30% Fra 1.82 127.0
iShares DJ STOXX 600 Resources Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 1.95 184.7
Che m icals
Lyxor ETF DJ STOXX 600 Chemicals Lyxor DE, FR, IT 0.30% Fra 0.21 72.7
iShares DJ STOXX 600 Chemicals (DE) BGI (Deutschland) AG DE 0.52% Ger 0.16 36.4
iShares DJ STOXX 600 Chemicals Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.07 15.8
Cons truction & M ate rials
iShares DJ STOXX 600 Construction & Materials (DEBGI (Deutschland) AG DE 0.52% Ger 0.41 31.0
Lyxor ETF DJ STOXX 600 Construction & Materials Lyxor DE, FR, IT 0.30% Fra 0.18 40.2
iShares DJ STOXX 600 Construction & Materials Sw BGI (Deutschland) AG DE 0.32% Ger 0.16 12.7
streetTRACKS MSCI EU Materials State Street Global Advisors FR 0.50% Fra 0.57 64.8
Financial Services
Lyxor ETF DJ STOXX 600 Financial Services Lyxor DE, FR, IT 0.30% Fra 0.72 43.0
iShares DJ STOXX 600 Financial Services (DE) BGI (Deutschland) AG DE 0.53% Ger 0.38 37.2
iShares DJ STOXX 600 Financial Services Sw ap (DEBGI (Deutschland) AG DE 0.32% Ger 0.07 21.0
iShares DJ STOXX 600 Insurance Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.07 140.3
streetTRACKS MSCI Eu Financials State Street Global Advisors FR 0.50% Fra 0.53 80.8
Food & Beve rage
Lyxor ETF DJ STOXX 600 Food & Beverage Lyxor DE, FR, IT 0.30% Fra 0.62 92.9
iShares DJ STOXX 600 Food & Beverage (DE) BGI (Deutschland) AG DE 0.52% Ger 0.19 69.4
db x-trackers DJ STOXX 600 Food & Beverage ETF db x-trackers DE, IT 0.30% Lux 0.00 3.4
iShares DJ STOXX 600 Food & Beverage Sw ap (DE BGI (Deutschland) AG DE 0.32% Ger 0.12 24.1
He alth Care
iShares DJ STOXX 600 Health Care (DE) BGI (Deutschland) AG DE 0.52% Ger 0.65 234.4
Lyxor ETF DJ STOXX 600 Healthcare Lyxor DE, FR, IT 0.30% Fra 0.51 84.4
db x-trackers DJ STOXX 600 Health Care ETF db x-trackers DE, IT 0.30% Lux 0.08 3.0
iShares DJ STOXX 600 Health Care Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.15 88.3
streetTRACKS MSCI Eu Healthcare State Street Global Advisors FR 0.50% Fra 0.13 123.7
Indus trial Goods & Se rvice s
db x-trackers DJ STOXX 600 Industrial Goods ETF db x-trackers DE, IT 0.30% Lux 0.12 18.9
iShares DJ STOXX 600 Ind Goods & Services (DE) BGI (Deutschland) AG DE 0.52% Ger 0.32 52.5
Lyxor ETF DJ STOXX 600 Ind Goods & Services Lyxor DE, FR, IT 0.30% Fra 0.18 44.5
iShares DJ STOXX 600 Ind Goods & Services Sw ap BGI (Deutschland) AG DE 0.32% Ger 0.13 26.4
streetTRACKS MSCI EU Industrials State Street Global Advisors FR 0.50% Fra 0.30 72.0
Ins urance
iShares DJ STOXX 600 Insurance (DE) BGI (Deutschland) AG DE 0.52% Ger 0.77 193.2
Lyxor ETF DJ STOXX 600 Insurance Lyxor DE, FR, IT 0.30% Fra 0.11 51.6
European Listed ETFs
ETF Nam e Issuer Exchange Listings
Total Expense
Ratio Dom icile
Total Daily Avg Vol (Em )
AUM (Euro m )
Pan-European Sector ETFs
Source: Deutsche Bank, Bloomberg, Reuters M e dia
iShares DJ STOXX 600 Media (DE) BGI (Deutschland) AG DE 0.52% Ger 0.81 13.0
Lyxor ETF DJ STOXX 600 Media Lyxor DE, FR, IT 0.30% Fra 0.24 22.9
iShares DJ STOXX 600 Media Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.03 43.6
Oil & Gas
Lyxor ETF DJ STOXX 600 Oil & Gas Lyxor DE, FR, IT 0.30% Fra 1.33 177.9
iShares DJ STOXX 600 Oil & Gas (DE) BGI (Deutschland) AG DE 0.52% Ger 0.93 198.3
db x-trackers DJ STOXX 600 Oil & Gas ETF db x-trackers DE, IT 0.30% Lux 0.07 3.4
iShares DJ STOXX 600 Oil & Gas Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.50 198.5
streetTRACKS MSCI Eu Energy State Street Global Advisors FR 0.50% Fra 0.83 116.3
Oil & Gas
Lyxor ETF DJ STOXX 600 Oil & Gas Lyxor DE, FR, IT 0.30% Fra 1.33 177.9
iShares DJ STOXX 600 Oil & Gas (DE) BGI (Deutschland) AG DE 0.52% Ger 0.93 198.3
db x-trackers DJ STOXX 600 Oil & Gas ETF db x-trackers DE, IT 0.30% Lux 0.07 3.4
iShares DJ STOXX 600 Oil & Gas Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.50 198.5
streetTRACKS MSCI Eu Energy State Street Global Advisors FR 0.50% Fra 0.83 116.3
Pe rs onal & Hous e hold Goods
iShares DJ STOXX 600 Pers & Household Goods (DEBGI (Deutschland) AG DE 0.52% Ger 0.10 26.8
Lyxor ETF DJ STOXX 600 Pers & Household Goods Lyxor DE, FR, IT 0.30% Fra 0.10 26.2
iShares DJ STOXX 600 Pers & Household Goods SwBGI (Deutschland) AG DE 0.32% Ger 0.04 12.6
streetTRACKS MSCI Eu Cons Discretionary State Street Global Advisors FR 0.50% Fra 0.48 41.9
Re tail
iShares DJ STOXX 600 Retail (DE) BGI (Deutschland) AG DE 0.53% Ger 0.26 35.5
Lyxor ETF DJ STOXX 600 Retail Lyxor DE, FR, IT 0.30% Fra 0.16 48.4
iShares DJ STOXX 600 Retail Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.00 70.9
Te chnology
iShares DJ STOXX 600 Technology (DE) BGI (Deutschland) AG DE 0.52% Ger 0.84 121.8
Lyxor ETF DJ STOXX 600 Technology Lyxor DE, FR, IT 0.30% Fra 0.59 109.2
db x-trackers DJ STOXX 600 Technology ETF db x-trackers DE, IT 0.30% Lux 0.01 6.1
iShares DJ STOXX 600 Technology Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.13 91.9
streetTRACKS MSCI Eu Technology State Street Global Advisors FR 0.50% Fra 0.09 31.4
Te lecom m unications
Lyxor ETF DJ STOXX 600 Telecoms Lyxor DE, FR, IT 0.30% Fra 0.75 134.1
iShares DJ STOXX 600 Telecoms (DE) BGI (Deutschland) AG DE 0.52% Ger 0.52 134.7
db x-trackers DJ STOXX 600 Telecoms ETF db x-trackers DE, IT 0.30% Lux 0.01 7.9
iShares DJ STOXX 600 Telecoms Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 1.23 104.7
streetTRACKS MSCI Eu Telecommunication State Street Global Advisors FR 0.50% Fra 0.35 66.7
Trave l & Le isure
Lyxor ETF DJ STOXX 600 Travel & Leisure Lyxor DE, FR, IT 0.30% Fra 0.05 12.2
iShares DJ STOXX 600 Travel & Leisure (DE) BGI (Deutschland) AG DE 0.53% Ger 0.00 7.9
iShares DJ STOXX 600 Travel & Leisure Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.00 9.6
streetTRACKS MSCI Eu Consumer Staples State Street Global Advisors FR 0.50% Fra 0.12 47.9
Utilitie s
Lyxor ETF DJ STOXX 600 Utilities Lyxor DE, FR, IT 0.30% Fra 0.59 60.7
iShares DJ STOXX 600 Utilities (DE) BGI (Deutschland) AG DE 0.52% Ger 0.49 79.7
db x-trackers DJ STOXX 600 Utilities ETF db x-trackers DE, IT 0.30% Lux 0.08 4.0
iShares DJ STOXX 600 Utilities Sw ap (DE) BGI (Deutschland) AG DE 0.32% Ger 0.35 147.2
European Listed ETFs
Euro Sector ETFs
Source: Deutsche Bank, Bloomberg, Reuters
ETF Nam e Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m ) Autom obiles & Parts
EasyETF Euro Automobile AXA IM / BNP Paribas FR 0.30% Fra 0.19 44.8
Banks
EasyETF Euro Bank AXA IM / BNP Paribas FR 0.30% Fra 1.07 217.0 iShares DJ Euro STOXX Banks (DE) BGI (Deutschland) AG DE 0.52% Ger 0.29 107.9
Construction & Materials
EasyETF Euro Construction AXA IM / BNP Paribas FR 0.30% Fra 0.03 14.8
Health Care
EasyETF Euro Healthcare AXA IM / BNP Paribas FR 0.30% Fra 0.38 75.6 iShares DJ Euro STOXX Health Care (DE) BGI (Deutschland) AG DE 0.53% Ger 0.00 12.3
Insurance
EasyETF Euro Insurance AXA IM / BNP Paribas FR 0.30% Fra 0.05 78.6
Media
EasyETF Euro Media AXA IM / BNP Paribas FR 0.30% Fra 0.04 19.8
Oil & Gas
EasyETF Euro Energy AXA IM / BNP Paribas FR 0.30% Fra 0.35 55.9
Technology
EasyETF Euro Technology AXA IM / BNP Paribas FR 0.30% Fra 0.11 32.9 iShares DJ Euro STOXX Technology (DE) BGI (Deutschland) AG DE 0.52% Ger 0.07 18.7
Telecom m unications
EasyETF Euro Telecom AXA IM / BNP Paribas FR 0.30% Fra 0.54 129.8 iShares DJ Euro STOXX Telecommunication (DE) BGI (Deutschland) AG DE 0.52% Ger 0.32 216.0
Utilities
European Listed ETFs
Style ETFs
Source: Deutsche Bank, Bloomberg, Reuters
ETF Nam e Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m )
iShares DivDAX (DE) BGI (Deutschland) AG AT, DE 0.30% Ger 1.45 228.4 iShares DJ Asia/Pacific Select Dividend BGI CH, DE, FR, GB, GB$, IT, NL 0.59% Ire 1.03 85.6 Lyxor ETF DJ Euro STOXX 50 BuyWrite Lyxor CH, DE, FR, IT 0.40% Fra 0.31 70.2 iShares DJ EuroSTOXX Grow th BGI CH, DE, FR, GB, IT, NL 0.40% Ire 1.16 314.4 iShares DJ EuroSTOXX Value BGI CH, DE, FR, GB, IT, NL 0.40% Ire 0.42 64.8 iShares DJ EuroSTOXX Select Dividends BGI CH, DE, FR, GB, IT, NL 0.40% Ire 2.36 662.8 iShares Dow Jones Euro STOXX Select Dividend 30 BGI (Deutschland) AG AT, DE 0.32% Ger 2.09 1,003.9 db x-trackers DJ Euro STOXX Select Dividend 30 ET db x-trackers CH, DE, GB, IT 0.30% Lux 0.09 22.4 db x-trackers DJ STOXX Global Select Dividend 100 db x-trackers CH, DE, GB, IT 0.50% Lux 0.17 34.3 iShares DJ STOXX Select Dividend 30 (DE) BGI (Deutschland) AG AT, DE 0.32% Ger 0.53 142.6 Lyxor ETF DJ STOXX Select Dividend 30 Lyxor CH, FR, DE, IT 0.30% Fra 0.33 94.3 iShares Dow Jones U.S. Select Dividend (DE) BGI (Deutschland) AG DE 0.30% Ger 0.33 38.4 iShares Dow Jones Asia Pacific Select Dividend 30 BGI (Deutschland) AG DE 0.30% Ger 0.44 77.6 EasyETF DJ Islamic Market Titans 100 AXA IM / BNP Paribas CH 0.50% Fra 0.04 33.6 Pow erShares Dynamic US Market Fund Pow erShares DE, GB 0.75% Ire 0.01 3.3 Pow erShares FTSE RAFI Developed Markets ex US Pow erShares DE, GB, IT 0.75% Ire 0.01 0.0 Lyxor ETF FTSE RAFI Europe Lyxor DE, FR, IT 0.75% Fra 0.05 32.0 Pow erShares FTSE RAFI Europe Fund Pow erShares DE, GB, IT 0.75% Ire 0.00 3.9 Pow erShares FTSE RAFI Small-Mid Fund Pow erShares DE, GB 0.75% Ire 0.01 0.0 XACT FTSE RAFI Fundamental Euro Xact Fonder AB SE 0.65% Sw ed 0.22 112.6 Lyxor ETF FTSE RAFI Eurozone Lyxor DE, FR, IT 0.75% Fra 0.02 30.6 Pow erShares FTSE RAFI Italy Fund Pow erShares IT 0.75% Ire 0.08 0.0 Lyxor ETF FTSE RAFI Japan Lyxor DE, FR, IT 0.75% Fra 0.34 13.5 XACT FTSE RAFI Fundamental Sw eden Xact Fonder AB SE 0.50% Sw ed 4.33 99.2 Pow erShares FTSE RAFI UK Pow erShares GB 0.75% Ire 0.00 0.0 Lyxor ETF FTSE RAFI US 1000 Lyxor DE, FR, IT 0.75% Fra 0.09 19.0 Pow erShares FTSE RAFI US 1000 Fund Pow erShares DE, GB, IT 0.75% Ire 0.01 3.2 iShares FTSE UK Dividend Plus BGI CH, DE, GB, IT 0.40% Ire 1.12 320.9 Accion IBEX Top Divienddo ETF BBVA Gestion SA SGIIC ES 0.40% Sp 0.01 0.0 SPA MarketGrader 100 SPA ETF Europe Ltd GB, GB$ 0.85% Ire 0.01 6.4 SPA MarketGrader 200 SPA ETF Europe Ltd GB, GB$ 0.85% Ire 0.01 3.2 SPA MarketGrader 40 SPA ETF Europe Ltd GB, GB$ 0.85% Ire 0.03 6.1 SPA MarketGrader Large Cap SPA ETF Europe Ltd GB, GB$ 0.85% Ire 0.02 4.9 SPA MarketGrader Mid Cap SPA ETF Europe Ltd GB, GB$ 0.85% Ire 0.01 3.1 SPA MarketGrader Small Cap SPA ETF Europe Ltd GB, GB$ 0.85% Ire 0.01 3.0 iShares MSCI Emerging Markets Islamic (£ listing) BGI GB, GB$ 0.85% Ire 0.05 10.1 Lyxor ETF MSCI EMU Grow th Lyxor CH, DE, FR, IT 0.40% Fra 1.68 255.9 Lyxor ETF MSCI EMU Value Lyxor CH, DE, FR, IT 0.40% Fra 1.04 156.4 iShares MSCI USA Islamic (£ listing) BGI GB, GB$ 0.50% Ire 0.00 20.3 iShares MSCI World Islamic (£ listing) BGI GB, GB$ 0.60% Ire 0.06 23.9 Pow erShares Dynamic Europe Fund Pow erShares DE, GB 0.75% Ire 0.00 3.6 Pow erShares Dynamic Global Developed Markets FuPow erShares DE, GB 0.75% Ire 0.00 3.2 Pow erShares Dynamic UK Fund Pow erShares GB 0.75% Ire 0.00 0.0 Lyxor ETF Wise Quantitative Strategy Lyxor FR 0.75% Fra 0.01 0.0 Pow erShares Global Clean Energy Pow erShares DE, GB 0.75% Ire 0.03 0.0
European Listed ETFs
Other - Managed ETFs
European Listed ETFs
Source: Deutsche Bank, Bloomberg, Reuters
Other ETFs
Source: Deutsche Bank, Bloomberg, Reuters
ETF Name Issuer Exchange Listings
Total Expense
Ratio Dom icile
Total Daily Avg Vol (Em)
AUM (Euro m)
SGAM ETF XBear CAC 40 SGAM FR 0.60% Fra 4.04 112.1
SGAM ETF Leveraged CAC 40 SGAM FR 0.60% Fra 3.28 84.3
SGAM ETF Bear CAC 40 SGAM FR 0.60% Fra 0.59 23.5
SGAM ETF Flexible CAC 40-Size SGAM FR 0.50% Fra 0.01 21.9 SGAM ETF Flexible CAC 40-Mini SGAM FR 1.00% Fra 0.00 21.9 db x-trackers SHORTDAX ETF db x-trackers CH, DE, IT 0.40% Lux 4.45 212.2 Lyxor ETF DAXplus Covered Call Lyxor DE, FR, IT 0.40% Lux 0.13 62.1 Lyxor ETF DAXplus Protective Put Lyxor DE, IT 0.40% Lux 0.02 65.1 db x-trackers DJ EURO STOXX 50 SHORT ETF db x-trackers CH, DE, IT 0.40% Lux 2.49 77.6 SGAM ETF Leveraged DJ Euro STOXX 50 SGAM DE, FR 0.60% Fra 1.83 42.8 SGAM ETF Bear DJ Euro STOXX 50 SGAM FR 0.60% Fra 0.41 12.7 SGAM ETF XBear DJ Euro STOXX 50 SGAM FR 0.60% Fra 0.00 24.3 Lyxor ETF Leveraged DJ Euro STOXX 50 Lyxor DE, FR, IT 0.40% Fra 1.84 41.0
SGAM ETF Flex DJ STOXX 50 SGAM FR 0.60% Fra 0.68 112.8
SGAM ETF Flexible FTSEurofirst 80 SGAM FR 0.60% Fra 0.21 11.6 SGAM ETF Flexible FTSEurofirst 80 Size SGAM FR 0.60% Fra 0.01 10.8 SGAM ETF Flexible FTSEurofirst 80 Mini SGAM FR 0.60% Fra 0.00 10.8
Lyxor ETF LevDAX Lyxor DE, FR, IT 0.40% Lux 9.83 137.0
SGAM ETF Leveraged Nasdaq-100 SGAM FR 0.60% Fra 0.13 15.2
Xact - Bear Xact Fonder AB SE 0.60% Sw ed 18.12 255.3
Xact - Bull Xact Fonder AB SE 0.60% Sw ed 8.13 66.9
ETF Name Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m )
iShares Dow Jones Euro STOXX Sustainability 40 (DBGI (Deutschland) AG DE 0.40% Ger 0.06 24.2 iShares DJ STOXX 600 Real Estate (DE) BGI (Deutschland) AG DE 0.45% Ger 0.04 15.1 iShares DJ STOXX Americas 600 Real Estate (DE) BGI (Deutschland) AG DE 0.70% Ger 0.04 2.1 iShares DJ STOXX Asia Pacific 600 Real Estate (DE) BGI (Deutschland) AG DE 0.70% Ger 0.11 19.3 EasyETF EPRA Eurozone AXA IM / BNP Paribas DE, FR, IT 0.45% Lux 0.79 480.8 B1 - Ethical Index Euro Beta Etfund PLC IT 0.92% Ire 0.05 20.1 iShares FTSE EPRA/NAREIT Asia Property Yield Fun BGI CH, DE, FR, GB, GB$, IT, NL 0.59% Ire 0.47 72.3 iShares FTSE EPRA/NAREIT US Property Yield Fund BGI CH, DE, FR, GB, GB$, IT, NL 0.40% Ire 0.16 11.6 iShares FTSE/EPRA European Property BGI CH, DE, FR, GB, IT, NL 0.40% Ire 0.97 239.7 iShares FTSE EPRA/NAREIT Global Property Yield FuBGI CH, DE, FR, GB, GB$, IT, NL 0.59% Ire 0.29 28.9 EasyETF FTSE EPRA Europe AXA IM / BNP Paribas DE, FR 0.45% Lux 0.15 208.1 iShares FTSE EPRA/NAREIT UK Property Fund BGI CH, GB, IT 0.40% Ire 0.29 18.7 Pow erShares Listed Private Equity Pow erShares DE, GB 0.75% Ire 0.00 3.6 SGAM ETF Private Equity LPX50 SGAM FR 0.70% Fra 0.07 16.3 iShares FTSE/Macquarie Global Infrastructure 100 BGI CH, DE, FR, GB, GB$, IT, NL 0.65% Ire 1.22 259.0 Pow erShares Palisades Global Water Fund Pow erShares DE, GB 0.75% Ire 0.02 3.7 Lyxor ETF Privex Lyxor CH, DE, FR, IT 0.95% Fra 0.10 36.0 Lyxor ETF Private Equity (GBP) Lyxor GB, GB$ 0.95% Fra 0.00 25.5 iShares S&P Global Clean Energy BGI CH, DE, FR, GB, GB$, NL 0.65% Ire 0.42 36.9 iShares S&P Global Timber & Forestry BGI GB, GB$ 0.65% Ire 0.20 7.7 iShares S&P Global Water 50 BGI CH, DE, FR, GB, GB$, IT, NL 0.65% Ire 0.25 69.8 iShares S&P Listed Private Equity Fund BGI CH, DE, FR, GB, GB$, IT, NL 0.75% Ire 0.04 8.2 EasyETF ASPI Eurozone AXA IM / BNP Paribas FR 0.45% Fra 0.01 34.4
XACT VINX30 Xact Fonder AB SE 0.40% Sw ed 0.00 85.4
Lyxor ETF New Energy Lyxor FR 0.60% Fra 0.19 24.1
Lyxor ETF World Water Lyxor FR 0.60% Fra 0.12 19.1
European Listed ETFs
European Listed Bond ETFs
Source: Deutsche Bank, Bloomberg, Reuters
ETF Nam e Is s ue r Exchange Lis tings
Total Expens e
Ratio Dom icile
Total Daily Avg Vol (Em )
AUM (Euro m ) Europe an Lis te d Bond
Accion AFI Bonos Medio Plazo Euro ETF BBVA Gestion SA SGI ES 0.16% Sp 0.00 0.0
iShares eb.rexx Government Germany (DE) BGI (Deutschland) AG DE 0.16% Ger 0.81 560.3
iShares eb.rexx Jumbo Pfandbriefe (DE) BGI (Deutschland) AG DE 0.09% Ger 1.98 557.6
Lyxor ETF EuroMTS Covered Bond Aggregate ETF Lyxor FR, DE 0.17% Fra 2.41 51.8
Lyxor ETF EuroMTS Global Lyxor DE, FR, IT 0.17% Fra 5.54 1,130.5
iShares FTSE All Stocks Gilt BGI GB, IT 0.20% Ire 0.06 195.3
db x-trackers II iBoxx E Sovereigns Eurozone TR Index ETF db x-trackers DE, IT 0.15% Lux 0.80 183.1
Easy ETF iBoxx Liquid Sovereigns Global BNP Paribas FR 0.15% Fra 0.40 56.9
JPMorgan GBI EMU ETF JP Morgan FR, IT 0.20% Fra 1.12 91.1
Europe an Lis te d Bond - Short
iShares | Government Bond 1-3 BGI CH, FR, GB, IT, NL 0.20% Ire 0.61 300.8
iShares $ Treasury Bond 1-3 BGI CH, FR, GB, IT, NL 0.20% Ire 0.40 65.6
iShares | Government Bond 3-5 BGI CH, DE, FR, GB, GB$, IT, NL 0.20% Ire 0.52 71.8
iShares eb.rexx Government Germany 1.5-2.5 (DE) BGI (Deutschland) AG DE 0.15% Ger 1.96 499.7
iShares eb.rexx Government Germany 2.5-5.5 (DE) BGI (Deutschland) AG DE 0.15% Ger 10.20 681.9
Lyxor ETF EuroMTS 1-3Y Lyxor DE, FR, IT 0.17% Fra 3.94 756.7
Lyxor ETF EuroMTS 3-5Y Lyxor DE, FR, IT 0.17% Fra 3.59 755.3
iShares iBoxx E Liquid Sovereigns Capped 1.5-2.5 (DE) BGI (Deutschland) AG DE 0.15% Ger 0.36 77.3
iShares iBoxx E Liquid Sovereigns Capped 2.5-5.5 (DE) BGI (Deutschland) AG DE 0.15% Ger 0.29 51.6
db x-trackers II iBoxx E Sovereigns Eurozone 1-3 TR Index ETF db x-trackers DE, IT 0.15% Lux 0.15 107.5
db x-trackers II iBoxx E Sovereigns Eurozone 3-5 TR Index ETF db x-trackers DE, IT 0.15% Lux 0.62 78.7
Easy ETF iBoxx Liquid Sovereigns Short BNP Paribas FR 0.15% Fra 0.08 46.1
Europe an Lis te d Bond - M e dium
iShares | Government Bond 7-10 BGI CH, DE, FR, GB, GB$, IT, NL 0.20% Ire 0.42 40.3
iShares $ Treasury Bond 7-10 BGI CH, DE, FR, GB, GB$, IT 0.20% Ire 0.27 30.7
iShares eb.rexx Government Germany 5.5-10.5 (DE) BGI (Deutschland) AG DE 0.15% Ger 1.29 1,442.6
Lyxor ETF EuroMTS 5-7Y Lyxor DE, FR, IT 0.17% Fra 2.55 156.1
Lyxor ETF EuroMTS 7-10Y Lyxor DE, FR, IT 0.17% Fra 0.55 165.5
iShares iBoxx E Liquid Sovereigns Capped 1.5-10.5 (DE) BGI (Deutschland) AG DE 0.15% Ger 0.13 33.8
iShares iBoxx E Liquid Sovereigns Capped 5.5-10.5 (DE) BGI (Deutschland) AG DE 0.15% Ger 0.36 184.9
db x-trackers II iBoxx E Sovereigns Eurozone 5-7 TR Index ETF db x-trackers DE, IT 0.15% Lux 0.02 90.7
db x-trackers II iBoxx E Sovereigns Eurozone 7-10 TR Index ETFdb x-trackers DE, IT 0.15% Lux 0.01 29.8
Xmtch on SBI Dom. Gov. 3-7 Credit Suisse AM CH 0.15% Sw it 0.61 297.5
Xmtch on SBI Dom. Gov. 7+ Credit Suisse AM CH 0.24% Sw it 0.24 39.5
Europe an Lis te d Bond - Long
iShares | Government Bond 15-30 BGI CH, DE, FR, GB, GB$, IT, NL 0.20% Ire 0.66 42.2
iShares eb.rexx Govt Germany 10.5+ (DE) BGI (Deutschland) AG DE 0.15% Ger 0.76 384.7
Lyxor ETF EuroMTS 10-15Y Lyxor DE, FR, IT 0.17% Fra 2.83 267.2
Lyxor ETF EuroMTS 15+Y Lyxor FR, DE, IT 0.17% Fra 1.13 52.4
iShares iBoxx E Liquid Sovereigns Capped 10.5+ (DE) BGI (Deutschland) AG DE 0.15% Ger 0.07 20.8
db x-trackers II iBoxx E Sovereigns Eurozone 10-15 TR Index ETdb x-trackers DE, IT 0.15% Lux 0.00 54.0
db x-trackers II iBoxx E Sovereigns Eurozone 15+ TR Index ETF db x-trackers DE, IT 0.15% Lux 0.00 33.7
db x-trackers II iBoxx E Sovereigns Eurozone 25+ TR Index ETF db x-trackers DE, IT 0.15% Lux 0.01 23.3
Easy ETF IBoxx Liquid Sovereigns Long BNP Paribas FR 0.15% Fra 0.20 42.0
Europe an Lis te d Bond - Corporate
iShares $ Corporate Bond BGI CH, FR, IT, GB 0.20% Ire 0.17 85.0
iShares | Corporate Bond BGI CH, DE, IT, GB, MX, NL 0.20% Ire 2.72 641.7
iShares £ Corporate Bond BGI GB 0.20% Ire 0.01 279.0
Europe an Lis te d Bond - Inflation Link e d
iShares £ Index-Linked Gilts BGI GB 0.25% Ire 0.02 148.3
iShares | Inflation Linked Bond BGI CH, FR, GB, IT, NL 0.25% Ire 0.54 178.0
iShares $ TIPS BGI CH, DE, FR, GB, GB$, IT 0.25% Ire 0.34 129.8
Lyxor ETF EuroMTS Infl Link Lyxor DE, FR, IT 0.20% Fra 2.08 359.1
db x-trackers II iBoxx Euro Inflation-linked TR Index ETF db x-trackers DE, IT 0.20% Lux 0.12 42.1
European Listed ETFs
European Listed Bond ETFs
European Listed Bond - Money Market
Accion AFI Monetario Euro ETF
BBVA Gestion SA SGI ES
0.06%
Sp
0.19
0.0
db x-trackers II EONIA TR Index ETF
db x-trackers
DE, IT
0.15%
Lux
11.10
1,413.2
Lyxor ETF Euro Cash
Lyxor
FR, IT
0.15%
Fra
11.07
688.1
European Listed Bond - Credit
db x-trackers II Itraxx Crossover 5-Year TR Index ETF
db x-trackers
DE
0.24%
Lux
0.14
57.9
db x-trackers II Itraxx Europe 5-Year TR Index ETF
db x-trackers
DE
0.18%
Lux
0.07
15.3
db x-trackers II Itraxx HiVol 5-Year TR Index ETF
db x-trackers
DE
0.21%
Lux
0.01
15.3
EasyETF Itraxx Crossover
AXA IM / BNP Paribas DE
0.30%
Lux
0.00
95.3
EasyETF Itraxx Europe Hivol
AXA IM / BNP Paribas DE
0.30%
Lux
0.00
150.7
ETF Nam e Issuer Exchange Listings
Total Expense
Ratio Dom icile
Total Daily Avg Vol (Em )
AUM (Euro m )
European Listed Commodity ETFs
European Listed ETFs
Source: Deutsche Bank, Bloomberg, Reuters
The data included on this page is for information
only and is not included in the tables and charts
shown elsewhere in this document.
ETF Name Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m )
Market Access Amex Gold BUGS Index Fund ABN Amro Bank NV AT, CH, DE, NL 0.70% Lux 0.38 6.3
Lyxor Gold Bullion Securities Gold Bullion Holdings Ltd DE, FR, GB, GB$, IT 0.40% UK 12.15 1,736.0
ZKB Gold ETF Zuercher Kantonalbank CH 0.40% Sw it 1.98 532.0
iShares Dow Jones AIG Commodity Sw ap (DE) BGI (Deutschland) AG DE 0.47% Ger 0.37 21.7
db x-trackers DBLCI - OY Balanced ETF db x-trackers DE 0.55% Lux 0.38 124.1
EasyETF GS Agriclulture and Livestock AXA IM / BNP Paribas DE 0.45% Lux 0.55 223.7
EasyETF GSCI AXA IM / BNP Paribas DE 0.45% Lux 0.95 214.8
EasyETF GSCI AXA IM / BNP Paribas CH 0.45% Lux 0.43 219.6
EasyETF GSNE AXA IM / BNP Paribas DE, IM 0.45% Lux 0.33 96.2
EasyETF GS Ultra-Light Energy AXA IM / BNP Paribas DE, FR 0.45% Lux 0.59 118.4
Lyxor ETF CRB IDX Lyxor GB, GB$ 0.35% Fra 0.04 34.4
Lyxor ETF CRB Non-Energy Lyxor GB, GB$ 0.35% Fra 0.03 31.4
Lyxor ETF Commodities CRB Non-Energy (USD) Lyxor CH 0.35% Fra 0.02 34.2
ZKB Palladium ETF Zuercher Kantonalbank CH 0.40% Sw it 0.08 60.7
ZKB Platinum ETF Zuercher Kantonalbank CH 0.40% Sw it 0.06 57.4
Lyxor ETF Commodities CRB Lyxor DE, FR 0.35% Fra 0.81 230.9
Lyxor ETF Commodities CRB (USD) Lyxor CH 0.35% Fra 0.04 51.8
Lyxor ETF Commodities CRB Non-Energy Lyxor DE, FR, IT 0.35% Fra 0.84 103.8
Market Access ABN Amro RICI ABN Amro Bank NV AT, CH, DE, NL 0.50% Lux 0.55 94.9
Market Access RICI-Agriculture Index Fund ABN Amro Bank NV AT, CH, DE, NL 0.85% Lux 0.18 21.2
Market Access RICI-Metals Index Fund ABN Amro Bank NV AT, CH, DE, NL 0.85% Lux 0.02 5.2
EasyETF S&P GSCI Light Energy Dynamic AXA IM / BNP Paribas DE 0.45% Lux 0.00 3.2
European Listed ETCs
Source: Deutsche Bank, Bloomberg, Reuters
The data included on this page is for information
only and is not included in the tables and charts
shown elsewhere in this document.
ETF Nam e Issuer Exchange Listings
Total Expense Ratio Domicile Total Daily Avg Vol (Em ) AUM (Euro m )
ETFS Agriculture DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.49% Jer 3.97 268.3 ETFS Aluminium ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.09 3.9 ETFS Coffee ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.18 10.8 ETFS Copper ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.56 6.9 ETFS Corn ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.67 26.9 ETFS Cotton ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.45 27.2 ETFS Crude Oil ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.38 41.6 ETFS Energy DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.05 8.4 ETFS Ex-Energy DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.08 16.7 ETFS Gasoline ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.08 3.1 ETFS Gold ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.49% Jer 2.45 64.8 ETFS Grains DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.49% Jer 1.30 122.5 ETFS Heating Oil ETF Securities Ltd DE, FR, GB, IT 0.49% Jer 0.10 2.0 ETFS Industrial Metals DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.32 13.0 ETFS Lean Hogs ETF Securities Ltd DE, FR, GB, IT 0.49% Jer 0.03 2.4 ETFS Live Cattle ETF Securities Ltd DE, FR, GB, IT 0.49% Jer 0.19 4.4 ETFS Livestock DJ_AIGCI SM ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.03 5.6 ETFS Natural Gas ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.49% Jer 0.98 3.5 ETFS Nickel ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.14 12.6 ETFS Petroleum DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.09 2.7 ETFS Precious Metals DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.45 74.2 ETFS Silver ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.99 35.2 ETFS Softs DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.53 73.7 ETFS Soybean Oil ETF Securities Ltd DE, FR, GB, IT 0.49% Jer 0.06 2.6 ETFS Soybeans ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.83 15.3 ETFS Sugar ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.99 34.2 ETFS Wheat ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.70 23.5 ETFS Zinc ETF Securities Ltd DE, FR, GB, IT, NL 0.49% Jer 0.06 3.1 ETFS All Commodities DJ-AIGCI SM ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.49% Jer 0.52 38.1 ETFS Forw ard All Commodities DJ-AIGCI-F3SM ETF Securities Ltd DE, FR, GB$ 0.49% Jer 0.02 0.0 ETFS Physical Gold ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.39% Jer 4.97 358.2 ETFS WTI 2mth Oil ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.49% Jer 1.04 23.1 ETFS WTI Oil 3yr ETF Securities Ltd GB$ 0.49% Jer 0.03 0.6 ETFS Brent Oil 1yr ETF Securities Ltd GB$ 0.49% Jer 0.02 3.2 ETFS Brent Oil 3yr ETF Securities Ltd GB$ 0.49% Jer 0.01 0.3 ETFS WTI Oil 2yr ETF Securities Ltd GB$ 0.49% Jer 0.00 0.6 ETFS Brent Oil 2yr ETF Securities Ltd GB$ 0.49% Jer 0.00 0.2 ETFS WTI Oil 1yr ETF Securities Ltd GB$ 0.49% Jer 0.00 0.3 ETFS Physical Palladium ETF Securities Ltd DE, FR, GB$, IT, NL 0.49% Jer 0.14 6.8 ETFS Physical Platinum ETF Securities Ltd DE, FR, GB$, IT, NL 0.49% Jer 0.59 138.8 ETFS Physical PM Basket ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.43% Jer 0.25 42.7 ETFS Physical Silver ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.49% Jer 1.75 120.6 ETFS Brent 1mnth Oil ETF Securities Ltd DE, FR, GB, GB$, IT, NL 0.49% Jer 1.74 83.1 ETFS Forw ard Agriculture DJ-AIGCI-F3SM ETF Securities Ltd DE, FR, GB$ 0.49% Jer 0.24 0.0 ETFS Forw ard Grains DJ-AIGCI-F3SM ETF Securities Ltd DE, FR, GB$ 0.49% Jer 0.05 11.3 ETFS Forw ard Ex-Energy DJ-AIGCI-F3SM ETF Securities Ltd DE, GB$ 0.49% Jer 0.01 0.0 ETFS Forw ard Lean Hogs ETF Securities Ltd GB$ 0.49% Jer 0.01 0.0 ETFS Forw ard Petroleum DJ-AIGCI-F3SM ETF Securities Ltd DE, GB$ 0.49% Jer 0.00 0.1 ETFS Forw ard Energy DJ-AIGCI-F3SM ETF Securities Ltd DE, FR, GB$ 0.49% Jer 0.00 0.1 ETFS Forw ard Live Cattle ETF Securities Ltd GB$ 0.49% Jer 0.00 0.0 ETFS Forw ard Natural Gas ETF Securities Ltd DE, FR, GB$ 0.49% Jer 0.00 0.1 ETFS Forw ard Livestock DJ-AIGCI-F3SM ETF Securities Ltd DE, GB$ 0.49% Jer 0.00 0.0 ETFS Forw ard Industrial Metals DJ-AIGCI-F3SM ETF Securities Ltd DE, GB$ 0.49% Jer 0.00 0.0 ETFS Forw ard Heating Oil ETF Securities Ltd GB$ 0.49% Jer 0.00 0.1 ETFS Forw ard Softs DJ-AIGCI-F3SM ETF Securities Ltd DE, GB$ 0.49% Jer 0.00 0.1
