Deliver Your News to the World

Deutsche Bank lands Lipper Fund Award


WEBWIRE

DB Platinum CROCI Germany Fund wins again

Frankfurt am Main, For the second time in succession, Deutsche Bank has been awarded the Lipper Fund Award for the DB Platinum Funds, known in the market as db funds. The fund company won first place in the “Best Large Equity Group (3 years)” category for the Germany and Austria region. This means that db funds has been the most successful large equity manager in both countries over a period of three years. The DB Platinum CROCI Germany Fund (ISIN LU0228581574) was among those awarded a prize for the best average performance over the last three years. The fund analysis house, Lipper, a subsidiary of Thomson Reuters, evaluated the best funds over this period with regard to risk-adjusted performance.

CROCI (Cash Return on Capital Invested) is a fundamental share analysis process developed by Deutsche Bank. The CROCI process is used to determine an economical price-earnings ratio, i.e. to make adjustments for differences in accounting and thus balance sheet and earnings indicators. This creates a uniform and comparable investment basis across different countries and industries. The aim of the funds is to identify undervalued shares and thus earn greater returns in comparison to the relevant benchmark, such as the German DAX index. This enables Deutsche Bank to offer its customers very liquid, UCITS compliant financial products that are based on transparent investment rules, and which have been able to prove themselves in the current market conditions. db funds specialises in systematically managed funds. The assets under management in more than 60 funds total more than € 13 billion.

Manfred Schraepler, head of db funds, sees the award as a further confirmation of the CROCI approach, “Numerous institutional and private investors have been convinced by our CROCI funds. The assets managed in them have already grown to almost € 2 billion. The Lipper Fund Award once again reinforces our global leading position in the field of innovative and high performance fund products.” Richard Clarke, Co-Head of the CROCI Investment Strategy and Valuation Group at Deutsche Bank, explains, “Winning the Lipper Fund Award for the second year in a row is evidence of the sustained success of our CROCI approach. This unique analysis procedure enables us to select the very best shares for our fund using a purely quantitative approach.”

About Deutsche Bank

Deutsche Bank - NYSE: DB - is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

www.db.com


About db funds at Deutsche Bank

db funds at Deutsche Bank began operations in May 2002 and offers a full range of funds which employ both alpha and enhanced beta strategies to access all of the different asset classes. Since launched, 60 funds have been issued with net assets of over EUR 13 billion. Deutsche Bank is the recognised industry leader in systematic Funds comprising a comprehensive range of fund platforms.

www.funds.db.com



WebWireID113660





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.