Deutsche Bank is planning to unveil its first renminbi-denominated exchange-traded funds(ETF), Trading Markets reports. The German financial group will launch at least 10 ETFs on equity, commodity and fixed-income assets in 2011.

The assets under management of the bank will expand from $1.5 billion to $3 billion. With launch of the fund group Deutsche will take 20% and 30% of the market, respectively in Hong Kong and Singapore.

Click here for the release from Trading Markets.