Deutsche Bank launches tradeable equity research index
Deutsche Bank today launched its first in a series of indices to give investors access to its equity research analysts’ shorter-term investment ideas. The db SOLAR Europe Index is made up of European long-only ideas originated from Deutsche Bank’s proprietary SOLAR (Shorter-term Opportunities within Long-term Analyst Recommendations) equity research stock list.
Jonathan Jayarajan, Head of Structured & Commercial Products for Company Research, comments “The SOLAR system allows analysts to capture alpha generating ideas in addition to the longer-term recommendation system. The shorter-term nature of SOLAR recommendations gives analysts greater timing flexibility. With each analyst typically nominating only two or three SOLAR ideas from a coverage universe of around eight stocks, our analysts are well placed to identify stock opportunities as soon as they arise.”
The db SOLAR Europe Index benefits from the stock picks of Deutsche Bank’s highly experienced and rated analysts without an additional overlay – the primary analyst chooses whether a stock can be nominated irrespective of additional criteria such as sector and country.
Exposure to the db SOLAR index will be offered through certificates, principal protected notes, leverage trades, OTC swaps and options. Other indices are set to follow with specific focuses such as small/mid cap, regional variations and long/short combinations.
Joakim Darras, Head of Investment Strategies in Equity Structuring said: “Deutsche Bank has the structuring and trading capacity to provide clients with products and structures that allow them to benefit from the extensive intellectual capital within the bank. In addition, investors benefit from the stock picks of the bank’s analysts without any additional overlay.”
Since the inception of the SOLAR stock list in Q4 2004, the historical backtest of the db SOLAR Europe Index indicates that it has outperformed the Euro STOXX 600 by 800 bps per annum while outperforming the MSCI by around 970 bps. db SOLAR Europe allows Deutsche Bank’s clients direct access to this value added performance.
For further information, please call:
Michelle Gathercole (44 20) 7545 4249
Press and Media Relations
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 73,114 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.