2009 Media Releases

November 12, 2009

Deutsche Bank's Asset Management business launches DWS Diversified Income Fund

DWS Investments, Deutsche Bank's global retail asset management business has launched the DWS Diversified Income Fund.

The DWS Diversified Income Fund (the Fund) – which will be managed by Deutsche Asset Management’s Fixed Income team based in Melbourne – offers investors an opportunity to access an actively managed portfolio of fixed income strategies.

The Fund’s investment strategy is to invest in a large and diverse array of fixed income strategies that tend to be uncorrelated with each other, in order to bring greater diversification to the Fund.

Chris Siniakov, Head of Australian Fixed Income, Deutsche Asset Management, said “We believe that robust income investment solutions should include credit as only one component in a broad array of underlying investment strategies. Combining highly diverse global investment strategies which exhibit low correlation with each other can mitigate adverse portfolio returns in volatile markets.

The portfolio‘s investment universe includes generally liquid fixed income securities such as high quality short-term call deposits and cash equivalent securities, government and semi-government bonds, and high quality corporate and asset backed securities. The portfolio will also employ a number of additional active investment decisions, primarily through the use of derivatives, around duration, yield curve, country spread, currency, swap spread and credit default swaps.

The Fund aims to deliver returns in excess of the UBS Australian Bank Bill Index, after fees, over the short to medium term. There is no guarantee that the Fund will meet this objective. Returns are not guaranteed.

Ironbark Asset Management will provide distribution services in relation to the Fund. The minimum investment amount in the DWS Diversified Income Fund is $25,000.

For more information or to obtain a Product Disclosure Statement, visit www.ironbarkam.com.au or call 1800 129 386.

For further information, please contact:

Michelle Chaperon +61 2 8258 1311

Important information

Issued by Deutsche Asset Management (Australia) Limited ABN 63 116 232 154 AFSL 298626. DWS Investments is the name under which Deutsche Asset Management markets a range of its funds in Australia. This is not an offer of securities or financial products, nor is it financial product advice. The Funds referred to are issued by Deutsche Asset Management (Australia) Limited.
You should consider the PDS in deciding to acquire Units in the Fund. As this document has been prepared without taking account of any investors’ particular objectives, financial situation and needs, you should consider its appropriateness having regard to your objectives, financial situation and needs.
An investment is not a deposit with or any other type of liability of Deutsche Bank AG ARBN 064 165 162, Deutsche Asset Management (Australia) Limited or any other member of the Deutsche Bank AG Group and the capital value of and performance of an investment in the Fund is not in any way guaranteed by Deutsche Bank AG, Deutsche Asset Management (Australia) Limited, DWS Investments or any other member of the Deutsche Bank AG Group. Investments are subject to investment risk, including possible delays in repayment and loss of income and principal invested.



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