Deutsche Asset & Wealth Management increases creation limit for ASHR.
Global Banking News-December 2, 2014--Deutsche Asset & Wealth Management increases creation limit for ASHR
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Global Banking News - 02 December 2014
Deutsche Asset & Wealth Management, a part of Deutsche Bank AG (NYSE: DB) (DBK.DE), has said that effective immediately, the creation limit for Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (NYSE ARCA: ASHR) will increase from the previous limit of one creation unit per day to five creation units per day.
Accordingly ASHR will now accept five creations units each day, where each creation unit is comprised of 50,000 shares. This is an increase from the previous limit of one creation unit per day, announced on November 13, 2014.
The Fund will continue to utilise this new creation units limit for ASHR in order to manage the RQFII quota for purchasing China-A shares securities. As previously announced on November 13, 2014, Deutsche X-trackers Harvest CSI 500 China A-Shares Small Cap ETF (NYSE ARCA: ASHS) will continue to accept one creation unit, comprised of 50,000 shares, each day.
Deutsche Asset & Wealth Management had USD1.27tn of assets under management as of September 30, 2014.
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