MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 24, 2017 DeAM's ETF Biz Is Focused on Two Big Opps Watch for the U.S. Deutsche Asset Management [profile] team to launch more ETFs in two key areas: smart beta and fixed income.
"There's room for more twists on this," Oliver tells reporters at a DeAM press breakfast in New York. Rob Bush, vice president and ETF strategist, and Tanuj Dora, vice president and PM, also presented at the meeting. Oliver declined to talk specifics in terms of future products but noted that DeAM has some new stuff in filings with the SEC. Overall, he says, the three ideas that drive DeAM's ETF development are "new exposures, risk-adjusted exposures, or bringing efficiencies to existing markets." Bush describes factor investing as "the intersection of active, passive, and alternatives." And Dora notes that fixed income ETFs are "really solving challenges in the underlying bond market itself," such as with currency-hedged fixed income ETFs or interest-rate-hedged fixed income ETFs. In 2016 DeAM launched several fixed income and smart beta ETFs in the U.S. And they added people, too. "We've hired 11 people onto the platform," Oliver says. "That hiring is in all different parts of the business." DeAM doesn't have specific open Americas passive positions to fill at the moment, Oliver adds. Yet watch for the team to expand down the line. "We definitely plan to keep growing the business," Oliver says. DeAM now has $13.9 billion in passive AUM in the U.S. Printed from: MFWire.com/story.asp?s=55773 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |
