Deutsche Bank buys extra 5% sovereign debt, reversing early 2009 bias for government bonds

Deutsche Bank Private Wealth Management has reversed the shift towards government bonds it made earl...

Deutsche Bank Private Wealth Management has reversed the shift towards government bonds it made earlier this year in its model private client portfolios. In February, the wealth manager bought an extra 5% in sovereign debt across four of the five allocation models, which form the basis for its £130bn worth of bespoke investment propositions. But the company's Global Investments Committee took the decision to move back into equities, anticipating a surge of investor confidence on the back of the US bank stimulus package, announced by Treasury secretary Timothy Geithner in late March. T...