Deutsche Bank selling its SA ETF business to Sygnia for R325m

Deutsche Bank is selling its South African exchange-traded funds (ETFs) business to Sygnia for R325m, both parties announced on Thursday. Sygnia will be taking over all five of Deutsche Bank’s developed market index-tracking ETFs, branded DBX: Euro Stoxx 50; FTSE 100; and MSCI Japan, US and World.