Deutsche Asset & Wealth Management (Deutsche AWM) has unveiled two new fixed income funds to provide investors with current income consistent with the preservation of capital and liquidity.
The newly launched funds are: Deutsche Limited Maturity Quality Income Fund and the Deutsche Ultra-Short Investment Grade Fund.
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The Income Fund will invest mainly in high quality, short-term, US dollar denominated fixed-income instruments, while the Grade Fund will invest in investment grade US dollar denominated fixed-income instruments.
The funds have been designed to focus corporate clients and financial intermediaries evolving needs in light of the SEC’s Money Market Reform, which goes into effect October 2016.
The firm has named Geoffrey Gibbs, Deutsche AWM head of the US liquidity management group as lead portfolio manager to manage the fund. Both the funds will be available in two share classes including institutional shares and investment class.
Deutsche AWM chief investment officer for the Americas and co-head of global fixed income Joe Benevento said: "We will continue to assess the market and deliver innovative products in an ongoing effort to identify the changing needs of our clients."
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