DWS Broadens EAFE ETF Into Developed Markets Ex-US Strategy

DWS has converted the Xtrackers MSCI EAFE Selection Equity ETF (EASG) into the Xtrackers Bloomberg Developed Markets Ex US Equity ETF (DMXU), effective September 14. The passive ETF now tracks the Bloomberg Developed Markets ex US Core Markets Index, providing large- and mid-cap exposure across developed markets outside the US, including Europe, Asia-Pacific, Canada and South Korea. With a 0.03% expense ratio, DMXU is positioned as a low-cost core holding designed to complement US equities and reduce geographic concentration. The conversion also marks a new benchmark partnership between DWS and Bloomberg. Xtrackers manages about $32bn across 42 US-listed ETFs.