UK - Deutsche Bank and Mercer Investment Consulting have launched a global multi-manager investment index available through Deutsche Bank's FXSelect Platform.
The Mercer Currency Manager Index was designed to track the performance of a group of currency managers chosen by Mercer from Deutsche Bank’s FXSelect Platform.
Mercer evaluates managers based on their idea generation, portfolio construction, implementation and business management.
Deutsche Bank director Torquil Wheatley said that, while there were “well known” benefits of using multiple managers, the challenges lay in manager selection and implementation costs.
“The Mercer Currency Manager Index provides investors with a cost-effective means for creating a discretionary selection of currency managers which can then be accessed via the FXSelect investment platform,” claimed Wheatley.
Mercer Investment Consulting principle Danny Quant added the index would be an attractive option for investors looking to capitalise on the return opportunities that currency markets offered.
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