Who we are
Deutsche Bank Wealth Management is a key component of the Private Bank, one of four client centric divisions of Deutsche Bank. Deutsche Bank Wealth Management has a long history of multi-asset investing, dating back to 1968, providing a strong track record and expertise in producing solid long term risk adjusted returns to our clients.
With a truly global presence, Deutsche Bank Wealth Management is able to provide clients with an exceptionally broad range of discretionary and advisory investment management solutions with a choice of booking centres depending on their individual needs.
Core strategies, referenced to a strategic asset allocation, are available in a range of major currencies within efficient SICAV structures or segregated mandates depending on client preference. Furthermore, unconstrained absolute return strategies and extensive tailored solutions are available for single or multi-asset class portfolios with the ability to overlay with systematic downside protection strategies through Risk Return Engineering.
What we do
We believe Deutsche Bank Wealth Management offers a compelling value proposition to its investment clients:
- The ability to leverage the expertise and insight available across the whole of the Deutsche Bank group, specifically utilising our colleagues in the asset management division, DWS, to construct single asset class portfolios such as global equities.
- A strong Quantitative analysis applied to asset allocation and portfolio construction
- A global investment process with local implementation
- Direct access to local portfolio managers via a dedicated relationship manager
- Detailed reporting on demand and online access availability
The investment approach is anchored around the creation of strategic asset allocations designed to optimise our client’s long term risk adjusted performance.
Global cross asset class views are generated within the Multi Asset Investment Committee who determine the lead global allocation, currency and duration recommendations before moving to regional investment committees to create portfolios that capture the requirements of our clients in different geographic locations.
Portfolio implementation is undertaken at a local level by dedicated portfolio managers with whom clients have direct access.
Portfolios are designed to optimize potential returns, dependent on our clients risk profile through the use of active management across asset classes and robust risk management. The portfolio management process seeks to generate alpha by a combination of both tactical asset allocation decisions and instrument selection.
We recognise that cost is a vitally important factor in the determination of portfolio returns and therefore we aim to construct intelligent, cost efficient portfolios that reflect our asset allocation views. We use an open architecture approach to look across the market, favouring passive instruments where appropriate but recognising that specific market situations and opportunities can demonstrate the value of actively managed strategies.
Strategies
Core Strategies (Conservative, Core, Growth, Maximum Growth)
Our four core strategies, referenced to a strategic asset allocation, are available in a range of major currencies within efficient SICAV structures or segregated mandates depending on our client’s preference.
To meet our client’s individual objectives, our strategies range from Conservative to Maximum Growth and seek to provide investors with access to well diversified, actively managed, multi-asset class investment solutions.
All portfolio strategies are tactically managed taking into account the latest views of the global Multi-Asset Investment Committee. Views are expressed using a range of solutions including exchange traded and actively managed funds.
Dynamic Multi Asset Portfolio (DMAP)
The Dynamic Multi Asset Portfolio provides a diversified exposure to numerous assets classes unconstrained by a predetermined asset allocation or benchmark.
Driven by the Investment Committee’s asset class views, the strategy is designed to deliver a balance between wealth preservation and capital creation. The strategy is managed tactically with frequent switches between asset classes in line with changing market conditions.
It aims to deliver most its returns through a highly dynamic asset allocation. Investment is made across all major asset classes with the expectation that value will be added primarily from successful asset allocation decisions.
Enhanced Income (Enhanced Income)
The Enhanced Income Portfolio is a diversified multi-asset class portfolio. The portfolio allocation has a strong emphasis on low volatile fixed income investments, principally in government and investment grade corporate debt, whilst at the same time investing in international high yielding equities. There is also potential for a small allocation to property and infrastructure in order to benefit from both rental and dividend growth within the respective sectors.
Fixed Income
For clients wishing to gain access to fixed income markets have the ability to utilise the capability of DWS to access the Fixed Income Opportunities fund, available in GBP, Euro and USD share classes. Alternatively for larger mandates we have the expertise to create tailored fixed income mandates.
Multi Asset Risk Engineering
For clients wishing to systematically reduce their downside exposure we are able to analyse the risk budget of portfolios and subsequent exposure to tail risk. By implementing an active hedging solution via our risk engineering, clients can consider potentially increasing their portfolio upside whilst maintaining the existing risk budget or alternatively maintaining the existing portfolio upside and decreasing the risk budget. For larger mandates we are able to consider implementing a risk engineering solution for assets not managed by Deutsche Bank Wealth Management.
