Deutsche builds open architecture offering in Italy

Threadneedle and Deutsche Bank have signed an agreement for the distribution of 34 Threadneedle funds in Italy.

The funds range will be offered through Deutsche Bank’s open architecture platform, which has 15 of other national and international investment management companies.

The Threadneedle funds now available through Deutsche Bank’s network in Italy include:

Threadneedle Pan European Fund – Equity fund invested primarily in large companies domiciled in Continental Europe or the UK or with significant Continental or UK activities. The aim of the fund is to achieve capital growth.

Threadneedle American Fund and American Select Fund – Equity funds invested in companies domiciled in North America or which have significant North American operations. Threadneedle offers full access to the US market, which continues to be the main driver of the global economy. The funds range from more traditional to more concentrated approaches, from absolute return “extended alpha” to investments in the smaller companies universe.

Threadneedle European High Yield Bond Fund – Fund that invests in European corporate bonds with fixed-rate non-investment grade rating, mainly issued by companies based in Europe.

Alessandro Aspesi, country head of Threadneedle for Italy, said: “Deutsche Bank is one of the most significant global financial groups and benefits from an extensive network in Italy. Threadneedle has a proven track record for delivering out-performance as a result of our team-led approach to investments in order to maximize returns for our clients. This agreement demonstrates the demand for our funds and also confirms Threadneedle’s strategy to continue its development in Italy, one of Europe’s most important markets.”

Dario Di Muro, head of Product Management Investments & Insurance for Deutsche Bank Group in Italy, said: “We are pleased to have signed this important agreement, which adds high quality investment products to our already comprehensive multibranded offering.”

Threadneedle, established in 1994 in London, actively manages €79bn ($105.9bn, as at 31 December 2010) of assets. Threadneedle operates in 15 countries, entering the Italian market in 2008.

Threadneedle is owned by Ameriprise Financial, a US diversified financial services company with $670bn in owned, managed and administered assets.

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