Deutsche Bank merges away two FoF in Belgium

Deutsche Bank AG has merged two funds of funds of its Sicav Private Invest marketed in Belgium, InvestmentEurope has learned.

On 9 November 2016, the Private Invest Best Managers FoF launched in April 2010 and managed by Knut Huys, has absorbed the Private Invest Global Trends FoF.

The Private Invest Best Managers fund of funds seeks to invest a minimum of 70% of its net assets in a selection of equity, fixed income, money market and alternative strategies.

According to Morningstar data, the size of the Private Invest Best Managers FoF reached €485m as of 18 November 2016.

Before the merger, the Private Invest Global Trends had a strong bias towards funds focused on demographic trends (44.4% as of end of September 2016) and emerging market strategies (27.6% as at 30 September 2016).

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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