Deutsche Bank launches new Strategic Income Allocation Funds in Europe and Asia
Deutsche Bank International Private Bank (IPB) has launched four Strategic Income Allocation (SIA) funds, utilising the capabilities of DWS as a fund manager
The SIA fund launch follows the successful launch of the IPB’s Strategic Asset Allocation (SAA) one year ago
The SIA funds are based on the IPB’s Chief Investment Office (CIO) multi-asset allocation approach and aim to generate a regular stream of income distribution with the additional feature of downside risk management
Subscriptions for the SIA funds begin in June 2021 in selected jurisdictions in Asia and Europe
The International Private Bank (IPB) is offering its income-focused clients in Europe and Asia four Strategic Income Allocation (SIA) funds to complement its Strategic Asset Allocation (SAA) funds.
The new funds aim to provide diversified income sources by investing in ETFs linked to fixed income, global equity, listed real estate and infrastructure indices, as well as using options for yield enhancement.
Achieving income while controlling risk is increasingly difficult for investors. The SIA funds seek to generate income distributions while at the same time benefitting from Deutsche Bank’s “Plus” downside risk management framework.
In utilising Deutsche Bank’s asset management arm DWS to offer the funds, investors have access to a competitive, cost-efficient solution for their core investment portfolio.
The new SIA funds complement IPB’s flagship SAA investment offering, introduced just over a year ago. Thousands of clients worldwide have already invested in the SAA funds, with assets under management now totaling over 3.5 billion euros (as of June 11, 2021).
“With the launch of the SIA funds, we are pleased to offer our clients a contemporary, income-oriented proposition,” said Alessandro Caironi, Head of Advisory and Sales, International Private Bank, Deutsche Bank.
He added, “In today’s current economic climate of low and negative interest rates, this solution offers investors the opportunity to invest in a product that is focused on pursuing consistent, long-term market-oriented returns.”
“Our new SIA Plus funds use our highly-regarded SAA strategy with the aim to deliver income from multiple sources,” said Christian Nolting, Global Chief Investment Officer and Head of CIO & Investment Solutions.
“Clients now have the opportunity to benefit from a sophisticated but cost-efficient approach and the ability to combine a modern portfolio strategy with a “Plus”: our distinctive systematic hedging strategy.”
The subscription period for the SIA funds started in mid-June 2021.
+++ Disclaimer +++
This publication may be considered a Marketing Communication. The communication is provided for information purposes only. Nothing in this communication is intended to be an offer of any investment or a solicitation or recommendation to buy or to sell an investment and should not be interpreted or construed as an offer, solicitation or recommendation.
The terms of any investment in the funds will be exclusively subject to the detailed provisions, including risk considerations, contained in the offering documents of the fund. When making an investment decision, investors should rely on the final documentation and offering documents relating to the fund and not on the information contained in this communication.
The products referred to within this publication may not be available for residents of certain jurisdictions. The publication of this communication and any information contained therein, as well as any marketing or distribution of the financial instruments mentioned therein, is only allowed in those jurisdictions where this is not in violation of any applicable laws. Accordingly, this communication is only directed towards persons in the following jurisdictions: Austria, Denmark, Finland, France, Germany, Italy, Luxemburg, Netherlands, Norway, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.
Investments are subject to various risks, including market fluctuations, regulatory change, counterparty risk, possible delays in repayment and loss of income and principal invested. The value of investments can fall as well as rise and you may not recover the amount originally invested at any point in time. Past performance or any prediction or forecast is not indicative of future results. The views expressed in this document constitute Deutsche Bank AG and/or its subsidiaries’/ affiliates’ judgment at the time of issue and are subject to change.
The services described in this publication are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. Deutsche Bank AG is incorporated in the Federal Republic of Germany and its members’ liability is limited. Deutsche Bank AG is subject to comprehensive supervision by the European Central Bank (“ECB”), Sonnemannstraße 20, 60314 Frankfurt am Main, Germany (https://www.ecb.europa.eu/), by Germany’s Federal Financial Supervisory Authority (BaFin), Graurheindorfer Straße 108, 53117 Bonn und Marie-Curie-Straße 24–28, 60439 Frankfurt am Main, Germany (https://www.bafin.de), and by Germany’s central bank (“Deutsche Bundesbank”), Wilhelm-Epstein-Straße 14, 60431 Frankfurt am Main, Germany.
Additional information for investors in Austria, France, Germany, Italy, Luxemburg, Netherlands, Nordics (Denmark , Finland, Norway, Sweden), Spain, and the United Kingdom:
Detailed and comprehensive information on the funds can be found in the Key Investor Information Documents and the prospectus, supplemented by the most recent annual statement and the semi-annual statement (“Fund Documents”) if more recent. These documents are the sole basis for any acquisition of shares in the funds and should be read carefully prior to making any investment decision. They can be obtained in electronic or printed form in the official local or accepted language in the investor’s country of domicile free of charge from your relationship manager at Deutsche Bank.
For Austria: Key information documents and prospectus are available on request and free of charge in German from the company providing the financial service in Austria: Deutsche Bank AG, Vienna branch, Fleischmarkt 1, 1010 Vienna and/or via funds.dws.com/de-at by entering the relevant ISIN or WKN per share class.
For France: The afore-mentioned Fund Documents can be obtained on request and free of charge in French, at DWS International GmbH, Paris Branch 23-25 Avenue Franklin Roosevelt, 75008 Paris and via funds.dws.com/fr-fr by entering the relevant ISIN or WKN per share class.
For Germany: The afore-mentioned Fund Documents can be obtained at Deutsche Bank or DWS Investment GmbH, Mainzer Landstraße 11 -17, D 60329 Frankfurt, Germany, via www.deutsche-bank.de/pib and/or via www.dws.de by entering the relevant ISIN or WKN per share class.
For Italy: The afore-mentioned documents can be obtained upon request to DWS Investment GmbH (Mainzer Landstrasse 178-190, 60327 Frankfurt, Germany), DWS Investment S.A. (2, Boulevard Konrad Adenauer, 1115 Luxembourg), DWS International GmbH - Milan Branch (Via Filippo Turati 25/27, 20121 Milano) and Deutsche Bank SpA and/or via funds.dws.com/it-it by entering the relevant ISIN or WKN per share class.
For Luxemburg: The afore-mentioned Fund Documents can be obtained at Deutsche Bank Luxembourg S.A., via www.deutsche-bank.lu/kid and/or via funds.dws.com/en-lu by entering the relevant ISIN or WKN per share class.
For the Netherlands: The afore-mentioned Fund Documents can be obtained at Deutsche Bank AG, Amsterdam branch, De Entrée 195, 1101 HE Amsterdam, and/or via https://funds.dws.com/nl/ by entering the relevant ISIN or WKN per share class.
For Nordics (Denmark, Finland, Norway, Sweden): The afore-mentioned Fund Documents can be obtained at Deutsche Bank AG, Stockholm branch, Jacobsbergsgatan 13, 11144 Stockholm, and/or via https://funds.dws.com/se/ by entering the relevant ISIN or WKN per share class.
For Spain: Deutsche Bank, S.A.E. will only offer you the financial instruments that are considered suitable for you. If you are not a customer of the bank or do not have an investor profile in our entity, the contracting of the product will be conditioned to the fact that the owner (s) will be included in the target audience defined for the product and have a sufficient investor profile. The key information document for the investor, as well as the rest of the official documentation of the underlying funds is available through the Deutsche Bank website at the following link https://www.deutsche-bank.es/es/particulares/ahorro-inversion/productos/documentacion-legal.html and/or via https://funds.dws.com/es-es/ by entering the relevant ISIN or WKN per share class.
United Kingdom: Key information documents / fund fact sheets and prospectus are available on request and free of charge in English from the company providing the financial service in the UK: DB UK Bank Ltd, 1 Great Winchester Street, EC2N 2DB, London.
Additional information for investors in Hong Kong:
The contents of this document have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the investments contained herein. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. This document has not been approved by the Securities and Futures Commission in Hong Kong (the “SFC”) nor has a copy of this document been registered by the Registrar of Companies in Hong Kong. Further, the investments contained herein have not been authorised by the SFC. Accordingly, (a) the investments may not be offered or sold in Hong Kong, by means of any document, other than (i) to “professional investors” as defined in the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (“SFO”) and any rules made under the SFO, or (ii) in other circumstances which do not result in the document being a “prospectus” as defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32 of the Laws of Hong Kong)(the “C(WUMP)O”) or which do not constitute an offer to the public within the meaning of the C(WUMP)O, and (b) no person shall issue or possess for the purposes of issue, whether in Hong Kong or elsewhere, any advertisement, invitation or document relating to the investments, which is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to investments which are or are intended to be disposed of only to persons outside Hong Kong or only to “professional investors” as defined in the SFO and any rules made under the SFO.
Additional information for investors in Singapore:
This advertisement has not been reviewed by the Monetary Authority of Singapore, and has not been registered with the Monetary Authority of Singapore (“MAS”) as a prospectus as defined in the Securities and Futures Act (Cap 289) ("SFA"). The Collective Investment Scheme (“CIS”) is not authorised or recognised by the MAS and the shares/units/interests of the CIS are not allowed to be offered to the retail public. The offer or invitation is made in reliance on the exemption in Section 305(1), (2) and (3) of the SFA. Accordingly, this marketing presentation and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of shares/units/interests may not be circulated or distributed, nor may shares/units/interests be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (I) to an institutional investor under Section 304 of the SFA, (II) to a relevant person (which includes an accredited investor) pursuant to Section 305 (2), and in accordance with the conditions, specified in Section 305 of the SFA or (III) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.
Additional information for investors in Switzerland:
The Funds have been registered as a foreign collective investment schemes for distribution to non-qualified investors in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) pursuant to the Swiss Federal Act on Collective Investment Schemes of June 23, 2006 ("CISA"). The Representative for the Funds is DWS CH AG, Hardstrasse 201, CH-8005 Zurich. The Paying Agent is Deutsche Bank (Suisse) SA, Place des Bergues 3, CH-1201 Geneva. The current sales prospectus, the Articles of Association, KID (Key Investor Information Document) as well as the annual and semi-annual reports may upon request be obtained free of charge from the Representative as well as from www.dws.ch. In respect of the units distributed in and from Switzerland, the place of performance and jurisdiction is at the registered office of the Representative.
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The International Private Bank (IPB) is offering its income-focused clients in Europe and Asia four Strategic Income Allocation (SIA) funds to complement its Strategic Asset Allocation (SAA) funds.
The new funds aim to provide diversified income sources by investing in ETFs linked to fixed income, global equity, listed real estate and infrastructure indices, as well as using options for yield enhancement.
Achieving income while controlling risk is increasingly difficult for investors. The SIA funds seek to generate income distributions while at the same time benefitting from Deutsche Bank’s “Plus” downside risk management framework.
In utilising Deutsche Bank’s asset management arm DWS to offer the funds, investors have access to a competitive, cost-efficient solution for their core investment portfolio.
The new SIA funds complement IPB’s flagship SAA investment offering, introduced just over a year ago. Thousands of clients worldwide have already invested in the SAA funds, with assets under management now totaling over 3.5 billion euros (as of June 11, 2021).
“With the launch of the SIA funds, we are pleased to offer our clients a contemporary, income-oriented proposition,” said Alessandro Caironi, Head of Advisory and Sales, International Private Bank, Deutsche Bank.
He added, “In today’s current economic climate of low and negative interest rates, this solution offers investors the opportunity to invest in a product that is focused on pursuing consistent, long-term market-oriented returns.”
“Our new SIA Plus funds use our highly-regarded SAA strategy with the aim to deliver income from multiple sources,” said Christian Nolting, Global Chief Investment Officer and Head of CIO & Investment Solutions.
“Clients now have the opportunity to benefit from a sophisticated but cost-efficient approach and the ability to combine a modern portfolio strategy with a “Plus”: our distinctive systematic hedging strategy.”
The subscription period for the SIA funds started in mid-June 2021.
+++ Disclaimer +++
This publication may be considered a Marketing Communication. The communication is provided for information purposes only. Nothing in this communication is intended to be an offer of any investment or a solicitation or recommendation to buy or to sell an investment and should not be interpreted or construed as an offer, solicitation or recommendation.
The terms of any investment in the funds will be exclusively subject to the detailed provisions, including risk considerations, contained in the offering documents of the fund. When making an investment decision, investors should rely on the final documentation and offering documents relating to the fund and not on the information contained in this communication.
The products referred to within this publication may not be available for residents of certain jurisdictions. The publication of this communication and any information contained therein, as well as any marketing or distribution of the financial instruments mentioned therein, is only allowed in those jurisdictions where this is not in violation of any applicable laws. Accordingly, this communication is only directed towards persons in the following jurisdictions: Austria, Denmark, Finland, France, Germany, Italy, Luxemburg, Netherlands, Norway, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.
Investments are subject to various risks, including market fluctuations, regulatory change, counterparty risk, possible delays in repayment and loss of income and principal invested. The value of investments can fall as well as rise and you may not recover the amount originally invested at any point in time. Past performance or any prediction or forecast is not indicative of future results. The views expressed in this document constitute Deutsche Bank AG and/or its subsidiaries’/ affiliates’ judgment at the time of issue and are subject to change.
The services described in this publication are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. Deutsche Bank AG is incorporated in the Federal Republic of Germany and its members’ liability is limited. Deutsche Bank AG is subject to comprehensive supervision by the European Central Bank (“ECB”), Sonnemannstraße 20, 60314 Frankfurt am Main, Germany (https://www.ecb.europa.eu/), by Germany’s Federal Financial Supervisory Authority (BaFin), Graurheindorfer Straße 108, 53117 Bonn und Marie-Curie-Straße 24–28, 60439 Frankfurt am Main, Germany (https://www.bafin.de), and by Germany’s central bank (“Deutsche Bundesbank”), Wilhelm-Epstein-Straße 14, 60431 Frankfurt am Main, Germany.
© 2021 Deutsche Bank AG and/or its subsidiaries. All rights reserved.
Additional information for investors in Austria, France, Germany, Italy, Luxemburg, Netherlands, Nordics (Denmark , Finland, Norway, Sweden), Spain, and the United Kingdom:
Detailed and comprehensive information on the funds can be found in the Key Investor Information Documents and the prospectus, supplemented by the most recent annual statement and the semi-annual statement (“Fund Documents”) if more recent. These documents are the sole basis for any acquisition of shares in the funds and should be read carefully prior to making any investment decision. They can be obtained in electronic or printed form in the official local or accepted language in the investor’s country of domicile free of charge from your relationship manager at Deutsche Bank.
For Austria: Key information documents and prospectus are available on request and free of charge in German from the company providing the financial service in Austria: Deutsche Bank AG, Vienna branch, Fleischmarkt 1, 1010 Vienna and/or via funds.dws.com/de-at by entering the relevant ISIN or WKN per share class.
For France: The afore-mentioned Fund Documents can be obtained on request and free of charge in French, at DWS International GmbH, Paris Branch 23-25 Avenue Franklin Roosevelt, 75008 Paris and via funds.dws.com/fr-fr by entering the relevant ISIN or WKN per share class.
For Germany: The afore-mentioned Fund Documents can be obtained at Deutsche Bank or DWS Investment GmbH, Mainzer Landstraße 11 -17, D 60329 Frankfurt, Germany, via www.deutsche-bank.de/pib and/or via www.dws.de by entering the relevant ISIN or WKN per share class.
For Italy: The afore-mentioned documents can be obtained upon request to DWS Investment GmbH (Mainzer Landstrasse 178-190, 60327 Frankfurt, Germany), DWS Investment S.A. (2, Boulevard Konrad Adenauer, 1115 Luxembourg), DWS International GmbH - Milan Branch (Via Filippo Turati 25/27, 20121 Milano) and Deutsche Bank SpA and/or via funds.dws.com/it-it by entering the relevant ISIN or WKN per share class.
For Luxemburg: The afore-mentioned Fund Documents can be obtained at Deutsche Bank Luxembourg S.A., via www.deutsche-bank.lu/kid and/or via funds.dws.com/en-lu by entering the relevant ISIN or WKN per share class.
For the Netherlands: The afore-mentioned Fund Documents can be obtained at Deutsche Bank AG, Amsterdam branch, De Entrée 195, 1101 HE Amsterdam, and/or via https://funds.dws.com/nl/ by entering the relevant ISIN or WKN per share class.
For Nordics (Denmark, Finland, Norway, Sweden): The afore-mentioned Fund Documents can be obtained at Deutsche Bank AG, Stockholm branch, Jacobsbergsgatan 13, 11144 Stockholm, and/or via https://funds.dws.com/se/ by entering the relevant ISIN or WKN per share class.
For Spain: Deutsche Bank, S.A.E. will only offer you the financial instruments that are considered suitable for you. If you are not a customer of the bank or do not have an investor profile in our entity, the contracting of the product will be conditioned to the fact that the owner (s) will be included in the target audience defined for the product and have a sufficient investor profile. The key information document for the investor, as well as the rest of the official documentation of the underlying funds is available through the Deutsche Bank website at the following link https://www.deutsche-bank.es/es/particulares/ahorro-inversion/productos/documentacion-legal.html and/or via https://funds.dws.com/es-es/ by entering the relevant ISIN or WKN per share class.
United Kingdom: Key information documents / fund fact sheets and prospectus are available on request and free of charge in English from the company providing the financial service in the UK: DB UK Bank Ltd, 1 Great Winchester Street, EC2N 2DB, London.
Additional information for investors in Hong Kong:
The contents of this document have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the investments contained herein. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. This document has not been approved by the Securities and Futures Commission in Hong Kong (the “SFC”) nor has a copy of this document been registered by the Registrar of Companies in Hong Kong. Further, the investments contained herein have not been authorised by the SFC. Accordingly, (a) the investments may not be offered or sold in Hong Kong, by means of any document, other than (i) to “professional investors” as defined in the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (“SFO”) and any rules made under the SFO, or (ii) in other circumstances which do not result in the document being a “prospectus” as defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32 of the Laws of Hong Kong)(the “C(WUMP)O”) or which do not constitute an offer to the public within the meaning of the C(WUMP)O, and (b) no person shall issue or possess for the purposes of issue, whether in Hong Kong or elsewhere, any advertisement, invitation or document relating to the investments, which is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to investments which are or are intended to be disposed of only to persons outside Hong Kong or only to “professional investors” as defined in the SFO and any rules made under the SFO.
Additional information for investors in Singapore:
This advertisement has not been reviewed by the Monetary Authority of Singapore, and has not been registered with the Monetary Authority of Singapore (“MAS”) as a prospectus as defined in the Securities and Futures Act (Cap 289) ("SFA"). The Collective Investment Scheme (“CIS”) is not authorised or recognised by the MAS and the shares/units/interests of the CIS are not allowed to be offered to the retail public. The offer or invitation is made in reliance on the exemption in Section 305(1), (2) and (3) of the SFA. Accordingly, this marketing presentation and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of shares/units/interests may not be circulated or distributed, nor may shares/units/interests be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (I) to an institutional investor under Section 304 of the SFA, (II) to a relevant person (which includes an accredited investor) pursuant to Section 305 (2), and in accordance with the conditions, specified in Section 305 of the SFA or (III) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.
Additional information for investors in Switzerland:
The Funds have been registered as a foreign collective investment schemes for distribution to non-qualified investors in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) pursuant to the Swiss Federal Act on Collective Investment Schemes of June 23, 2006 ("CISA"). The Representative for the Funds is DWS CH AG, Hardstrasse 201, CH-8005 Zurich. The Paying Agent is Deutsche Bank (Suisse) SA, Place des Bergues 3, CH-1201 Geneva. The current sales prospectus, the Articles of Association, KID (Key Investor Information Document) as well as the annual and semi-annual reports may upon request be obtained free of charge from the Representative as well as from www.dws.ch. In respect of the units distributed in and from Switzerland, the place of performance and jurisdiction is at the registered office of the Representative.
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