Deutsche Bank unveils ESG multi-asset fund exclusively in Spain

Eugenia Jiménez
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Deutsche Bank unveils ESG multi-asset fund exclusively in Spain

Deutsche Bank has launched a multi asset strategy with an ESG focus aimed exclusively at Spanish investors. 

The DWS Fixed Maturity ESG Asset Defensive 2026, to be managed by DWS, is a multi asset fund that invests with a seven-year time horizon across all asset classes provided they meet ESG criteria. The Fund has a twofold objective: to grow the capital of investors at maturity in 2026 while offering them an annual dividend of 2% in the distribution class.

The sub-fund generally has an investment focus on income-oriented assets such as interest bearing securities with an attractive risk-adjusted yield and equities that are expected to deliver an above-average dividend yield or dividend growth. Depending on market conditions the sub-fund may focus on either equities or bonds. The investments made by the sub-fund will be taking into consideration the maturity date of the sub-fund in 2026.

The fund's exposure to fixed income will be ranging between 55-100% and to equities up to 45%.

Luis Martín-Jadraque, director of the Investments Centre at Deutsche Bank Spain, said: "This new fund gives our clients the opportunity to get closer ESG investment in addition to financial criteria like liquidity, return and risk." 

Eugenia Jiménez
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Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.