GLOBAL - Deutscher Investment Trust has begun selling in Germany its Allianz RCM ASIA PACIFIC fund, launched through Luxembourg in January.
The fund, which focuses on investments in the Asia-Pacific area (ex Japan), invests in companies with most of their business in this region. The main regional investment areas for the fund, besides Asia, are New Zealand and Australia.
“Ongoing economic reforms in conjunction with a further opening toward the western world suggest high growth rates for the Asia-Pacific area also in the future,” Deutscher said.
The portfolio will be managed by Raymond Chan, in Hong Kong.
“Investors will profit from the expertise of local specialists and their special country – and industry-specific knowledge,” Deutscher said. “Investment decisions draw on the expertise of some two dozen investment specialists – country and industry analysts – with many years of experience in this region and with direct access to the relevant companies.”
The fund received approval for sale in Germany, effective March 1.
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