Deka launches Multi-Asset Income fund
Deka has announced the launch of a new global multi-asset fund aimed at offering returns in the current low yield environment.
The fund will initially be distributed in Germany only and is open to investments by institutional and retail investors.
It will invest predominantly in high yield, emerging markets and convertible bonds, with all fixed income investments being restricted to a minimum B- rating.
The maximum equity exposure is capped at 30% and all investments are either conducted in Euro or will apply currency protection mechanisms.