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Two equity funds mark DAM rebranding

Deutsche Asset Management is setting up two aggressive equity funds, each investing in only 25 stocks, to mark its rebranding as DWS Investments.

DWS UK opportunities and DWS European opportunities are the first two funds to be offered in the UK under the DWS brand, which translates fully as the investment specialist in German. The brand is also the operating name for the fund manager in several of the European countries where it has a presence. The name will be adopted in the UK on September 16.

Phil Doel, a member of DAM&#39s UK equities team, will be at the helm of the UK fund while Julian Barrell, who is part of the European portfolio selection team, will manage the European fund.

At the outset, the 25 stocks will get equal weighting in the funds although they will be readjusted later. They will be initially structured as UK Oeics and are available as Isas and Pep transfers. Initial charge is 4.25 per cent through the Oeic wrapper, 3.25 per cent for Isas and 3 per cent for Pep transfers. Annual charge is 1.5 per cent.

Dam managing director, UK retail Michael Warren says: “These two funds complementing the strong range of lower-risk core products.”


AMP offering 13 funds on child savings plan

AMP is broadening its product range with its first child savings product. The plan will be sold primarily through the tied salesforce. It was developed after feedback from its advisers showed a demand for a savings product tailored for children. The product has 13 fund options within an Oeic structure, including socially responsible investment. Minimum […]

Correspondent&#39s week

Having shipped my gear over to the Isle of Wight on Friday, I pitch up at 8am for my first day on duty at Skandia Life Cowes Week. We kick off by hosting a press briefing for Emma Richards, who is sailing around the world single-handed. Then it is off to another press briefing at […]

EFM widens online Isa/Pep service range

Edinburgh Fund Managers is adding its range of 11 Portfolio funds to its online Isa/Pep service this week, raising the number of funds available through the website to 25. By logging on to the site existing investors will be able to access a range of services including online valuations, real-time performance data and the ability […]

10 commandments of consultants written on water

Here is my selection of the average broker consultant&#39s 10 most used questionable assurances when approaching IFA practices for business: 1: I&#39m here to help you build your business. 2: We have recently restructured our administration divisions to ensure the (atrocious) problems that you have experienced for the last 10 years are now a thing […]


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