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).