German asset manager DJE Kapital has merged two of its funds, DJE Cosmopolitan equity fund and Euro Renten under its DJE Umbrella, per 1 December.
The equity fund LuxTopic DJE Cosmopolitcan merges with the newly launched DJE – Concept 75, the fixed income fund LuxPro Euro Renten merges with the newly launched DJE EuroRenten.
Ulrich Kaffarnik, member of the board at DJE Kapital AG comments on the decision: “With the merger of funds we aim to streamline our product range in order to make our product range more transparent going forward. We therefore decided to transfer both funds into the DJE umbrella in order to offer a more consistent choice of names and product clarity” he explains.
The merger will generally be tax neutral in accordance with paragraph 17a of the current German Investment Tax Law (Investmentsteuergesetz) and affect neither the funds’ investment strategy nor their ISIN and WKN codes which will remain the same.