Sunday, 22nd November 2009

 

24 February 2009 - Press Briefing

Deutsche Bank unveils new ETFs for wealthy clients

Deutsche Bank on Monday unveiled four new exchange-traded funds for its wealth management clients, part of an ongoing trend of banks placing the power of growing money into investors' own hands, according to a report in The Straits Times, Singapore.

Thorsten Michalik, the German bank’s global chief of db x-trackers ETFs, said that the funds are an attractive investment alternative that “widens the toolbox for investors”.

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. Comment: Prince William seals the ascent of hedge funds
  4. Stanhope Capital grows staff by 50%
  5. How The Rich Are Different: Recession Hits Investment Psyche

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from Portfolio

  1. Gold demand drops 34% as economy brightens
  2. London & Stamford profits up but still 'cautious'
  3. Investec posts 29% surge in client assets amid profit decline
  4. Merrill wealth strategist foresees ‘challenging’ commodity markets
  5. Junk bonds set for record 2010

Related Content

  1. World's first hedge fund ETF launches as investors seek liquidity

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347