Merck Finck Launches New Fund for German HNWs

Contributing Editor

19 October 2005

German private bank Merck Finck has launched a new fund for high net worth individuals called “Best of Two”. The new fund invests in both shares and pensions, starting at the beginning of each calendar year with a neutral allocation: 50 per cent in shares and 50 per cent in pensions. In the course of the year, the ratio is shifted gradually in favour of the better running asset. At the beginning of the subsequent year the "Best OF Two" strategy starts again with the 50:50 neutral allocation. The fund is being managed by Universal-Investment, a Frankfurt-based asset manager. The minimum investment is €100,000 ($119,076).