Deutsche Bank's exchange-traded funds business, which was launched at the beginning of last year, has taken the third largest share of the European market, while market leader Barclays Global Investors has seen its slice of the market slip to 38%.
Deutsche's ETF arm, called db x-trackers, managed $24.5bn (â¬16.4bn) of assets at the end of July, equivalent to a 15.3% market share, according to research carried out by Debbie Fuhr and Shane Kelly, who left Morgan Stanley after the US investment bank disbanded its ETF research team in June.
