Deutsche Asset Management (Deutsche AM) announced today the expansion of its municipal bond platform with the launch of separately managed account (SMA) strategies for use in third-party wrap-fee programs. The new offerings will be made available to high net worth clients and combine access to the investment expertise of Deutsche AM’s municipal bond portfolio managers with the strategic investment benefits of an SMA.
Investors will have the ability to reasonably customize a portfolio along various investment preferences and the ability to more directly manage taxable events through the ownership of the underlying bonds. In addition, investors can also access an Environmental, Social and Governance (ESG) framework overlay option.
“As a major municipal bond asset manager, we are always looking for ways to enhance our existing platform,” said Greg Staples, Co-Head of Fixed Income, Americas. “Our goal is to bring innovative solutions to our clients that help accomplish their bond investing strategies through products that best fit their needs. Through the ESG framework, our new SMA strategies allow our clients to fulfill their financial objectives as well as their stewardship goals.”
Clients have come to know Deutsche Asset Management as a trusted partner to identify opportunities through decades of changing economic and market conditions. Deutsche AM’s integrated global platform harnesses a combination of expertise, perspectives and cross-cultural talent to create powerful fixed-income, equity and alternative strategies. Whether through mutual funds, exchange-traded products, customized institutional mandates, structured solutions, or SMAs, Deutsche AM is driven to serve each client’s specific risk, return and liquidity challenges.
Deutsche Asset Management
With EUR 711 billion of assets under management (as of September 30, 2017), Deutsche Asset Management1 is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.
RISKS: Bond investments are subject to interest-rate and credit risks. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increased volatility. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks.
Interest on municipal bonds is generally exempt from federal income tax; however, some bonds may be subject to the alternative minimum tax (AMT). Typically, state tax exemption applies if securities are issued within one's state of residence and, if applicable, local tax exemption applies if securities are issued within one's city of residence. The tax-exempt status of municipal securities may be changed by legislative process, which could affect their value and market ability.
Certain Deutsche Asset Management investment strategies may not be available in every region or country for legal or other reasons, and information about these strategies is not directed to those investors residing or located in any such region or country.
Consider the investment objective, risks, charges and expenses carefully before investing. For a summary prospectus, or prospectus that contains this and other information, download one from www.deutschefunds.com or talk to your financial representative. Read the prospectus carefully before investing.
Nothing contained herein is fiduciary or impartial investment advice that is individualized or directed to any plan, plan participant, or IRA owner regarding the advisability of any investment transaction, including any IRA distribution or rollover.
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1 Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group. The respective legal entities offering products or services under the Deutsche Asset Management brand are specified in the respective contracts, sales materials and other product information documents.
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