German bank launches preferred securities fund

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GERMANY - German private bank Merck Finck & Co has launched a short duration preferred securities fund with an anticipated investment volume of e500m over the next two years.

Bernd Glönkler, CEO of Merck Finck Vermögensbetreuungs AG, said the fund’s primary target groups were retail customers and select institutional investors in the German market. US money management ...

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