Idea Transcript
Release RAKUTEN SECURITIES INC. LAUNCHES DEUTSCHE BANK GROUP db x-trackers ETF PRODUCTS TO JAPANESE RETAIL INVESTORS Tokyo, 10 February 2010 – Rakuten Securities Inc. (RSI) and Deutsche Bank Group (DBG) announced today that RSI has launched and commenced the marketing of 6 listed Chinese exchange traded funds (ETFs) structured and developed by DBG under its “db x-trackers” series to Japanese retail investors. RSI has provided US and Chinese equity products since 1999 and 2003 respectively, and has continued to expand its product line-up. Among the international ETFs RSI has marketed since May 2007, it has continued to expand its product line-up of index funds tracking developed markets indices, such as the Dow30 and S&P500, to also include ETFs tracking emerging markets and commodities. In the results of RSI’s ‘Rakuten DI’ survey of retail investors released in January 2010, more than half of respondents declared a focus on the China and India markets, indicating a significant increase in emphasis by individual investors on the region. Respondents also indicated an increasing diversity of interest in Southeast Asia, Middle East and North Africa. RSI will launch 6 ETFs from the more than 120 funds in the db x-trackers line-up, tracking indices for China, India, Korea, Taiwan and Vietnam. The db x-trackers product is the only ETF offered in Japan tracking a Vietnam index. With this addition of db x-trackers ETFs to its product line-up, RSI will handle the largest number of foreign ETFs in Japan. DBGs was voted Europe’s best Exchange Traded Funds provider in 2009 by Structured Products magazine and its db x-trackers series has been recognized as a top brand name worldwide among ETFs. DBG is the third-largest issuer globally with assets under management of more than USD 50 billion, as of December 2009*. ETFs in the db x-trackers series are more tax efficient for Japanese investors with regard to dividend distributions when compared with US- domiciled ETFs. *Source: Deutsche Bank, Bloomberg, Reuters
Deutsche Bank Group, Communications, Region Japan, Telephone: 813-5156-7704
ETFs to launch on 12th February 2010 Newly launched Chinese ETFs (orders will be accepted from 11:00 am on February 12, 2010)
Ticker All-In-Fee Primary Exchange 03087 0.85%
ETFs Features db x-trackers FTSE Vietnam Index ETF db X-trackers FTSE Vietnam Index ETF is linked to the FTSE Vietnam Index (the “Index”).The index is a subset of the FTSE Vietnam All-Share Index and comprises of those companies (roughly 20) that have sufficient foreign ownership availability. The Index is a Total Return Index. FTSE International Limited (“FTSE”) is the Index Sponsor for the Index.
Hong Kong
03015 0.85%
db x-trackers S&P CNX NIFTY ETF db X-trackers S&P CNX NIFTY ETF is linked to the S&P CNX Nifty (the “Index”) .The index is a well diversified stock index accounting for 22 sectors of the economy. The Index is owned and managed by India Index Services and Products Ltd. (“IISL”), which is a joint venture between National Stock Exchange of India Ltd. CRISIL Ltd. IISL has a consulting and licensing agreement with Standard & Poor’s. The traded value for the last six months of all Nifty stocks is approximately 48.15% of the traded value of all stocks on the NSE as of 30 June 2008. Nifty stocks represent about 59.32% of the total market capitalisation as on 30 June 2008. The Index is computed using market capitalisation weighted method.
Hong Kong
03007 0.60%
db x-trackers FTSE/Xinhua China 25 ETF db X-trackers FTSE/Xinhua China 25 ETF is linked to the FTSE/Xinhua China 25 Index (the “Index”). The index is designed to represent the performance of the stocks of the mainland Chinese market that are available to international investors. The Index includes 25 companies that trade on The Stock Exchange of Hong Kong Limited. The Index Sponsor is FTSE Xinhua Index Limited (FXI) which is a joint venture company of FTSE Group and Xinhua Financial Network, a subsidiary of Xinhua Finance Limited.
Hong Kong
02848 0.65%
db x-trackers MSCI Korea TRN Index ETF db X-trackers MSCI Korea TRN Index ETF is linked to the MSCI Total Return Net Korea Index (the “Index”). The index is a free float-adjusted market capitalisation index reflecting the performance of Korean companies that are available to investors worldwide on a total return basis with net dividends reinvested. The Index is sponsored by Morgan Stanley Capital International BarraSM Inc. (“MSCI BarraSM”).
2 Deutsche Bank Group, Communications, Region Japan, Telephone: 813-5156-7704
Hong Kong
03036 0.65%
db x-trackers MSCI Taiwan TRN Index ETF db X-trackers MSCI Taiwan TRN Index ETF is linked to the MSCI Total Return Net Taiwan Index (the “Index”). The index is a free float-adjusted market capitalisation index reflecting the performance of Taiwanese companies that are available to investors worldwide on a total return basis with net dividends reinvested. The Index is sponsored by Morgan Stanley Capital International BarraSM Inc. (“MSCI BarraSM”).
Hong Kong
03020 0.30%
db x-trackers MSCI USA TRN Index ETF db X-trackers MSCI USA TRN Index ETF is linked to The MSCI Total Return Net USA Index (the “Index”).The index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in the USA on a total return basis with the reinvestment of net dividends. The Index is sponsored by Morgan Stanley Capital International BarraSM Inc. (“MSCI BarraSM”).
Hong Kong
Rakuten Securities Inc. Financial instruments dealer, Kanto Financial Bureau (Kin-sho) No. 195 Member of Japan Securities Dealers Association, and The Financial Futures Association of Japan www.rakuten-sec.co.jp
About Rakuten Securities Rakuten Securities is an online securities company at the core of Rakuten Group’s financial business operations, offering low commissions, the industry’s prime trading tool ‘MarketSpeed’, as well as a rich product line-up including overseas investments products and over 900,000 client accounts as of January 31, 2010 as one of the industry’s largest brokerages. Recognising the absolute value of client confidence, Rakuten Securities believes in offering the highest quality and innovative services designed from the standpoint of its clients. About Deutsche Bank Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. In Japan, Deutsche Bank Group is engaged primarily in investment banking for corporate and institutional clients, corporate banking and asset management. The Group employs about 1,610 people.
3 Deutsche Bank Group, Communications, Region Japan, Telephone: 813-5156-7704
Concerning Risks In Japan, db x-trackers ETFs have not been and will not be registered for a public offering pursuant to Article 4, Paragraph 1 of the Financial Instruments and Exchange Law (“FIEL”) as the offering for sale or solicitation of offering for purchase of the already-issued investment securities falls under the exemption prescribed in Article 2, Paragraph 4, Item 1, Article 23-14, Paragraph 1, or other provisions of the FIEL. In case of sales or transfers of the investment securities, transfer and other restrictions required under FIEL and other laws and regulations must be complied with and a filing of a notification statement pursuant to the Law concerning Investment Trust and Investment Companies with Financial Services Agency of Japan must be made. Investments may be affected by or suffer loss due to price movements in equities and other securities, decrease in the index value of the underlying assets, change in the management and financial status of the issuer, the index sponsor, the custodian and other parties related to the fund and a third-party evaluation thereof, and fluctuation in the foreign exchange market. db x-trackers ETFs may not be appropriate for all investors. Any investment in the relevant funds involves numerous risks including, among others, market, counterparty default and illiquidity risk. An investor could lose its entire investment. We have prepared this document without consideration of the investment objectives, financial situation or particular needs of any retail investor. Without limitation, this document does not constitute an offer, an invitation to offer or a recommendation to enter into any transaction. Before entering into any transaction you should take steps to ensure that you fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction. You should also consider seeking independent professional advice in making this assessment. When making an investment decision, you should rely on the ‘Explanatory Note on Contents of Foreign Securities (Gaikoku Shoken Naiyo Setsumeisho)’ relating to the relevant ETFs and not this summary. DB is not acting as your financial adviser or in any other fiduciary capacity. MSCI The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Hong Kong Prospectus and the relevant Product Annex contain a more detailed description of the limited relationship MSCI has with Deutsche Bank AG, db x-trackers and any related ETFs. FTSE Xinhua The FTSE/Xinhua China 25 Index is calculated by FTSE International Limited on behalf of FTSE/Xinhua Index Limited (“FXI”). FXI does not sponsor, endorse or promote the db x-trackers FTSE/Xinhua China 25 ETF. All database rights, copyright and any other intellectual property rights in the index and constituent list vest in FXI and/or its licensors. Deutsche Bank AG has obtained full licence from FXI to use such database rights, copyright and other intellectual property rights in the creation of the db x-trackers China 25 ETF. “FTSE®” is a trade mark of the Exchange and the FT and is used by FXI under licence. “Xinhua®” is a trade mark of Xinhua and is used by FXI under licence. S&P CNX NIFTY “S&P®” and “Standard and Poor’s®” are registered trademarks of the McGraw-Hill Companies, Inc. (“S&P”), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. The db x-trackers S&P CNX Nifty ETF is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”) or Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”). Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the db x-trackers S&P CNX Nifty ETF. Please read the full Disclaimers in relation to the S&P CNX 4 Deutsche Bank Group, Communications, Region Japan, Telephone: 813-5156-7704
Nifty Index in the Hong Kong Prospectus and the relevant Product Annex of the db x-trackers S&P CNX Nifty ETF. FTSE Vietnam The FTSE Vietnam Index is calculated by FTSE International Limited (“FTSE”). FTSE does not sponsor, endorse or promote the db x-trackers FTSE Vietnam ETF. All database rights, copyright and any other intellectual property rights in the Index and constituent list vest in FTSE and/or its licensors. Deutsche Bank AG has obtained full licence from FTSE to use such database rights, copyright and other intellectual property rights in the creation of this product. “FTSE®”, “FT-SE®” and “Footsie®” are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE under licence. The Index is part of the FTSE Vietnam Index Series and is a subset of the FTSE Vietnam All-Share Index. “All-Share®” is a trade mark of FTSE. Other notices: This release is intended only to communicate by Rakuten Securities Inc. and Deutsche Securities Inc. of the issuance of ‘db x-trackers ETFs’ issued by Deutsche Bank Group. Investing in the ETFs incurs fees and other costs due to the structure of the ETFs. As stated in ‘Concerning Risks’ above, market and foreign exchange movements, economic trends, price movements and other risks including financial, legal, tax and accounting may cause a loss in investment principal. Potential investors in the ETFs are strongly urged to read the ‘Explanatory Note on Contents of Foreign Securities (Gaikoku Shoken Naiyo Setsumeisho)’ and the ‘Document to be Delivered Prior to Execution of Contract (Keiyaku Teiketsu Mae Koufu Shomen)’, to understand and accept their contents and, based on these actions, to make their own investment decision.
5 Deutsche Bank Group, Communications, Region Japan, Telephone: 813-5156-7704