Deutsche Asset Management announced it was to end its four-year foray into the unfettered funds of f...
Deutsche Asset Management announced it was to end its four-year foray into the unfettered funds of funds market ahead of the group's September re-branding. Unitholders in its World Opportunities Growth and Income funds were to be given the choice of encashing their units or switching into the AA-rated Deutsche Managed fund, the group's in-house fund of funds vehicle. The move came as part of Deutsche's ongoing Oeic conversion process ahead of its autumn re-branding to DWS Investments, bringing the UK operation in line with its Continental European offering.
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