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.