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Deutsche Bank and SCM team up to offer fund of ETFs

Deutsche Bank’s exchange traded fund platform db X-trackers and investment manager SCM Private have linked up to launch a fund of ETFs.

The db X-trackers SCM multi asset ETF provides exposure to a portfolio of ETFs and exchange traded commodities and aims to use asset allocation to accumulate returns over inflation.

Allocation is determined on a monthly basis by SCM Private. It aims for a total return strategy, with the majority of Deutsche Bank’s ETFs and ETCs available for inclusion.

The ETF has an “all-in” fee of 0.89 per cent a year, which is inclusive of the management fee of the underlying ETFs and ETCs. It does not include portfolio rebalancing costs, which SCM Private estimates is around 0.1 per cent a year.

UK head of db X-trackers Manooj Mistry says: “Active asset allocation via passive instruments is set to be a growing trend. At a more fundamental level, it will appeal to investors looking for a straight- forward and cost-effective way to add an active element to their portfolio.”

Jonathan Davis Wealth Management managing director Jonathan Davis says: “I think if they get the marketing right, this has the potential to be a transformative type of offering. There is increasing demand for absolute return funds and to offer this type of fund at a charge of less than 1 per cent overall is attractive.”


Barclays investment and PPI complaints soar

Investment complaints to Barclays Group leapt by 77 per cent last year while protection complaints more than doubled. Barclays saw a 6 per cent decrease in overall complaints. to 532,847 from 568,614 in the previous year. Investment complaints rose sharply from 4,067 to 7,194. The bank was fined £7.7m in January 2011 over the sale […]


Govt urged to address small pot advice problem

Cross party politicians and the influential industry leaders have signed a joint letter calling on the Government and the FSA to address the risk a post-RDR advice gap could pose for people with small pension pots. The open letter, drafted by ILC-UK chief executive Baroness Sally Greengross (pictured) and sent to Mark Hoban, Steve Webb […]


IFAs back MPs on FCA cost-benefit analysis benchmarks

IFAs have backed the Treasury select committee’s call for greater scrutiny of regulatory costs to be written into legislation. In a report on the new regulator, published this week, the TSC says benchmarks for FCA cost-benefit analyses should be laid down in the Financial Services Bill. It says increasing costs for firms, which are ultimately […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]


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