Deutsche Bank has launched a range of vehicles that invest in Exchange Traded Funds (ETFs) of different asset classes.
There are three versions of the DB Platinum Dynamic ETF Selector funds, each with a different risk profile.
Each fund is quantitatively managed and invests on a global basis in a basket of long or short ETFs representing the movements of equities, bonds, commodities, currencies, credit derivatives, hedge funds and volatility.
They are separated by volatility and performance targets. DB Platinum Dynamic ETF Selector 3 aims to achieve the performance of the Euro OverNight Index Average (Eonia) +1% and has a volatility target of three.
Next in the risk categories, Selector 6, aims to outperform by 2% and a volatility of 6% while the last product, Selector 8, aims to achieve a performance target of 2.5% with a volatility target of 8% and is only allowed to use long ETFs. All of the funds carry a recommended investment horizon of three years.
The investments are selected every month in order to adapt to changing market conditions.
All of the funds carry a recommended investment horizon of three years. There is no minimum investment and charges range from 0.80% to 2.10% depending on the distribution channel.
Deutsche lists ETF commodity