Deutsche Bank said, in comparison to a long-only equity investment, the DB Platinum Option Overwriting Plus Fund benefits from traditional call overwriting strategies, but also uses additional protection features on the downside and has some increased participation potential on the upside. The DB Platinum Option Overwriting Plus Fund is available for institutional investors in multiple European jurisdictions with daily liquidity.
The fund, which is aimed at institutional investors, tracks the db Option Overwriting Plus Index strategy, which invests 100% in a benchmark index and enters into exchange-traded option contracts on the corresponding price return benchmark index.
Amit Bordia global head of equities structuring at Deutsche Bank, said: “Despite the uncertainty surrounding equity markets, investors are looking for interesting and performing products. The Option Overwriting Plus fund is another example of Deutsche Bank’s commitment to meeting our clients needs.”
Manfred Schraepler, head of funds, db X at Deutsche Bank said: “We are very pleased to add this fund to our offering as it complements our current successful range of systematic UCITS compliant investment funds.”
A UCITS compliant (and registered in its home state) fund can be freely marketed (passported) to the public in all 30 countries of the European Economic Area (EEA).
