NEW YORK--(BUSINESS WIRE)--Deutsche Asset Management (Deutsche AM) today announced key leadership appointments to DBX ETF Trust, which governs the Deutsche X-trackers Exchange Traded Funds (ETF) franchise in the US. To further align the Trust with fund governance best practices, Steve Byers has been appointed as independent chair of the board of trustees, and he will continue to serve on the Board with Messrs. Elston and Officer. They will be joined by newly-appointed Trustee Michael Gilligan, who currently also serves as Treasurer of the Trust. Additionally, Freddi Klassen has been appointed President of the Trust.
Today’s appointments bolster the breadth and depth of senior leadership perspectives and support the continued growth of the Deutsche X-trackers business in the US. The platform was named “Best ETF Issuer in 2015,”1 just three years after beginning its build-out, in the annual ETF.com Awards.
The appointments will further support the Trust’s ongoing efforts to provide best-in-class service for investors and help manage a diverse and growing Deutsche X-trackers product universe.
To find out more about the ETFs available in the US, visit: http://www.deutsche-etfs.com
Deutsche Asset Management
With USD 768 billion of assets under management (as of June 30, 2016), Deutsche Asset Management2 is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.
1 Source: ETF.com
2 Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group. The respective legal entities offering products or services under the Deutsche Asset Management brand are specified in the respective contracts, sales materials and other product information documents.
Consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other important information can be found in the Fund’s prospectus, which may be obtained by calling 1-855-DBX-ETFS (1-855-329-3837) or by viewing or downloading a prospectus at www.deutsche-etfs.com. Please read it carefully before investing.
DBX Advisors LLC is the investment adviser to the Deutsche X-trackers Funds. Deutsche X-trackers Funds are distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. is not affiliated with DBX Advisors or Barclays.
No bank guarantee | Not FDIC insured | May lose value DBX2390 11/16/17
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