Deutsche Bank teams up with Carmignac for fund launch in Spain

Deutsche Bank launches exclusively for Spain the Carmignac Portfolio Flexible Allocation 2024 investment fund, made up of funds from the French management company Carmignac.

The Carmignac Portfolio Flexible Allocation 2024 is a mixed equity fund with a defined maturity that invests with a six-year time horizon and has a twofold objective: to grow the capital of investors at maturity, as well as to offer them an annual dividend of 2, 5% in the distribution class.

This new fund, framed in the strategy of open architecture of Deutsche Bank, is sold exclusively to Deutsche Bank Spain customers until 20 November 2018 with an entry requirement of €100.

Luis Martín-Jadraque, director of the Investment Centre of Deutsche Bank Spain, says: “This alliance with one of the most recognised asset management managers demonstrates Deutsche Bank’s commitment to open architecture. In an environment of low interest rates and stock market volatility, the Carmignac Portfolio Flexible Allocation 2024 fund is an opportunity for moderate investors to invest in the hands of a first level manager such as Carmignac and with the guarantee offered by its trajectory ” .

Deutsche Bank is committed to the flexible multi active funds of leading international managers, in response to conservative or moderate investors struggling to find a return on their savings in an environment of low interest rates. Thus, it has launched six funds exclusively for Spain together with Nordea Asset Management, Flossbach von Storch, M & G Investments, Allianz, Fidelity and Edmond de Rothschild.

Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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