EPIC Financial Services Ltd yesterday unveiled its distribution agreement with the asset management arm of the Deutsche Bank Group.
In virtue of this agreement, Epic will give Maltese investors the opportunity to tap into the wide-ranging investment products and services offered by Deutsche Bank, one of the eurozone’s biggest financial institutions.
The first products showcased during the launch are the innovative DWS FlexPension range and the Deutsche Bank Real Estate Equity funds.
Eckhard Huelsmann, DWS Head of Structured Product Sales Europe, explained the unique features of FlexPension, such as the monthly possibility of subscribing to the fund and the innovative pegging of the net asset value (NAV). This means that the minimum price payable at maturity is pegged to the highest NAV registered on the monthly subscription date.
Returns will be pegged until the NAV is at a higher level in subsequent months. DWS FlexPension also provides the attainment of longer maturities through the transfer of assets to new sub funds that are launched on a regular basis. In fact, DWS every July will launch a new fund with a 15.5 maturity and each fund assumes the NAV and guarantee level of its predecessor.
These attributes make the FlexPension an ideal pension fund as investors can plan ahead and cash their investment on their retirement, as well as offering an ideal opportunity to cautious investors who are after a guaranteed return, Mr Huelsmann said. FlexPension has performed handsomely since it was launched in October 2003, as more than 20 partners agreed upon selling the product and with more than 700,000 subscribers. In July 2007, assets under management amounted to more than EUR1.6 billion.
Deutsch Bank and EPIC also launched the RREEF Real Estate Securities. RREEF Real Estate is part of RREEF Alternative Investments, the global alternative investments management business of Deutsche Bank’s Asset management division.
Sacha Hoek, Portfolio Manager European Real Estate Securities, explained that RREEF manages $83 billion in real estate assets in 15 offices, including $15.6 billion in real estate securities covering North America, Europe, Australia and Asia.
Mr Hoek gave an extensive overview of RREEF resources, modus operandi, as well as its team that includes 1,400 real estate professionals, 350 seniors and 30 direct property research analysts.
RREEF acquires and manages investments in commercial and residential property and real estate securities. Its products include core and value-enhanced high yield property investments as well as investments in publicly-traded real estate securities.