Deutsche denies physical ETF rollout is due to flows

Deutsche Bank’s Marco Montanari has denied its move to roll out a suite of physically backed ETFs alongside synthetic funds is driven solely by money flows, saying it aims to provide a supermarket selection for clients to choose from. “The ETF market is still very young and we are trying to match client demand,” says Montanari, Asia head of ETF unit db X-trackers. “The best is yet to come for the whole ETF market.” To date db X-trackers has dealt solely in ETFs tracking underlyi…