Deutsche presents Ucits III 130/30 fund

Deutsche Bank has launched the DB Platinum IV Croci Global 130/30 fund, a Ucits III compliant fund which is designed to provide exposure to long and short equity positions on stocks from Europe, Japan and the US. The bank has raised €90 million in assets so far.

The index takes long and short positions in stocks selected from a universe of the 200 largest stocks by market cap (excluding financials). The index initially consists of two sub-indexes which will notionally contain sixty stocks which are expected to rise (long constituents) and 30 stocks which are expected to fall (short constituents) across the three geographical regions. No more than twelve stocks from each of nine sectors (consumer discretionary, consumer staples, health care, industrials