Deutsche extends retail reach
Deutsche Asset Management has moved to further expand its retail profile, with the launch of the Deutsche Monthly Income Plus Fund — a diversified fixed income fund catering to retail investors.
Deutsche Asset Management’s head of adviser services Chris Larsen said the fund was aimed at retail investors who are seeking greater returns than those offered by traditional fixed income funds, with the benefit of monthly distributions.
He said the market shift from traditional fixed income products to those with a greater source of alpha had just begun and the trend was set to continue.
“We created this product based on demand from financial advisers and researchers who are seeking a higher yielding fixed-income product with regular distributions that aims to withstand fluctuations in credit spreads,” Larsen said.
The Deutsche Monthly Income Plus Fund invests in Australian corporate securities and claims to gain unique diversification and additional returns through allocation to the Deutsche Global Credit Fund and the Deutsche Global Alpha Fund.
AUTHOR
Mike Taylor
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