Deutsche ventures into structured product market
Chris Larsen
Deutsche Bank’s retail asset management business DWS Investments has launched its first structured product offering, DWS Rate Plus.
The new product aims to provide an investment return after fees above the RBA cash rate regardless of the market conditions, according to deputy head of asset management Australia Chris Larsen.
He said the launch of the fund was motivated by a growing demand among Australians for investments that provide regular income with a capital guarantee, and as a way of broadening their asset diversification.
“Given the recent turbulence and volatility in global financial markets, structured products, particularly those with capital protection, are increasingly attractive to the retail market.”
Providing exposure to a diverse range of interest and currency markets, the product is also targeted at the retiring baby boomer market, offering the “potential for higher yield along with a guarantee of capital”, he said.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
