db-X funds, a division of Deutsche Bank, has won best structured funds house of the year from Structured Products magazine. The magazine highlighted db-X funds’ innovative investment and structuring expertise as key strengths.
“At a time when yields on risky assets are trending at low levels and investors are struggling to find compelling investment strategies, this award is recognition of our ability to innovate in a positive way for our clients,” said Alex McKenna, head of the db-X funds platform.
The magazine noted in particular the €118m (in assets under management) DB Platinum IV Sovereign Optima 2034 fund. The fixed income fund aims to provide a 4.75% yield pick-up over German government bonds by deploying a systematic algorithm that identifies pricing opportunities between highly rated sovereign, supranational and selected local government bonds.
The $1.8bn dbX Systematic Alpha was also cited for offering access in regulated fund format to a modified version of the Winton Diversified Programme, part of the Winton Futures Fund. “They have a good team, good products, good documentation, good everything,” Christian Suettinger, senior fund manager at Erste Sparinvest in Vienna, was quoted by Structured Products as saying of db-X funds.
db-X funds is Deutsche Bank's platform for the provision of specialist funds that give investors access to the bank's proprietary systematic strategies and the performance of sought-after third-party hedge fund managers. db-X funds' product suite comprises over 70 funds representing almost €10bn in collective assets (as of October 1, 2012). Most funds are Ucits-compliant, meaning they meet strict criteria in relation to liquidity, transparency and collateral. db-X funds provides exposure to equity, fixed income, enhanced cash, commodity, currency, multi-asset and single third-party manager strategies. Funds come in multiple share classes, offering flexibility in terms of currency exposure, among other aspects.
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