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Deutsche Bank launches asset allocation ETF-based fund in Europe

Deutsche Bank wealth management
The fund will provide clients with cost-effective long-term investment portfolios

Deutsche Bank’s wealth management unit has launched a new strategic asset allocation ETF-based fund in Europe, the media reported.

The fund is a result of rising demand from clients for simple and cost-effective long-term investment portfolios for dealing with an unstable market.

The new fund, launched by Deutsche Bank’s wealth management unit, will allow its clients to gain access and invest in the long-term view of the WM Chief Investment Officer’s (CIO) team, including structural economic shifts lasting a decade or more.

At the same time, they will also have the option to invest in funds using Deutsche Bank’s systematic hedging strategies, known as Risk-Return Engineering.

Claudio de Sanctis, Global Head of Deutsche Bank Wealth Management said that the timing for our Strategic Asset Allocation funds could not be more appropriate.

He told the media, “Wealth management clients are looking for robust and efficient ways to protect themselves and their families from the kind of volatility we have seen recently because of the coronavirus. We have a particular vantage point as the leading bank in Europe’s biggest economy to anticipate what might come next and help our clients prepare.”

According to the bank, the funds are particularly cost-efficient because they invest in low-fee ETFs (exchange-traded funds) using open architecture and are built to minimise the need for frequent rebalancing and are managed by Deutsche Bank’s DWS arm.

Earlier this month, Deutsche Bank entered into a partnership with Deposit Solutions, to leverage the fintech’s marketplace of high-interest deposit products across Europe.

As a result of the partnership, Deutsche Bank’s wealth management clients as well as branch customers will be able to access this interest rate marketplace, which is branded ‘ZinsMarkt’.

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