The Hindu Business Line : Deutsche Asset unveils overseas fund scheme

Betting on global theme: Mr Bill Barbour, Director, Investment Specialist, Deutsche Asset Management (Australia) Ltd, at a press conference to announce the launch of DWE Global Thematic Offshore Fund in Mumbai on Tuesday. –

Our Bureau

Mumbai, July 31 Indian investors are getting new opportunities to invest overseas through the feeder fund route offered by Indian asset management companies. Latest in the offering is Deutsche Asset Management’s DWS Global Thematic Offshore Fund, an open-ended overseas fund of funds scheme.

The corpus of the fund will predominantly be invested in the DWS Strategic Global themes Fund domiciled in Singapore. This fund replicates the portfolio of the DWS Global Thematic Fund in the US, which identifies themes that are driven by long-term secular change. The fund looks at companies and countries which may not be a part of the MSCI World Index.

“The fund takes advantage of investing opportunities that are being created by the new industrial revolution, which sees companies all over the world compete for customers and capital,” said Mr Bill Barbour, Investment Specialist for the Asia Pacific Fund.

The NFO closes on August 28 and the minimum application amount is Rs 5,000.

“The objective is to develop an all-season portfolio aiming to mitigate the peaks and troughs of the global economy. The fund will provide investors opportunities to tap different markets which can mitigate the downturn risks in individual markets,” said Mr Vijay Mantri, Head DeAM India.