The Ongoing Price War In The European ETF Market Is Bad News For Deutsche Bank

We believe that only a few incumbents stand to gain from the ongoing price wars -including BlackRock, which can leverage its position as the world?s largest asset manager to spread expenses better across its global operations, and Vanguard, which has a proven track record with its low-cost ETF lineup. Notably, this will negatively impact Deutsche Bank?s plans of gaining a larger share of the ETF market in its home country of Germany.