In a world where investors are too often fleeced by exorbitant fees, investors in db x-trackers’ DJ Euro Stoxx50 exchange traded fund received a pleasant surprise in July.

The company, a division of Deutsche Bank, decided to scrap the 0.15 per cent annual management fee on the fund, designed to track the performance of Europe’s heavyweight blue-chip stocks. From that point on the fund’s total expense ratio was reduced to zero.