Db x-trackers, the exchange-traded fund arm of Deutsche Bank, has launched the first UCITS III compliant ETF.

The vehicle tracks the performance of he CSI 300, an index that replicates the performance of the 300 most representative A-shares listed on the Shanghai and Singapore stock exchanges.

This announcement comes ahead of Deutsche Bank’s planned launch next week of an ETF that tracks the MSCI Indonesia Index.

Marco Montanari, head of Deutsche Bank’s db x-trackers, Asia, said, ‘The two new ETFs allow investors easy access to the performance of the equity markets of two of the world’s fastest growing countries, China and Indonesia. The CSI 300 ETF has all in fees of just 0.50 per cent, the lowest among China A-shares ETFs in the market.’

The two new productsare the first db x-trackers ETFs listed on the SGX exchange to be offered to European investors.