T Rowe and DAB Bank sign German distribution deal
GERMANY – Baltimore-based investment manager T. Rowe Price has signed a distribution deal with Munich-based DAB Bank to distribute the eight German sub-funds within its recently-launched Luxembourg SICAV range to private investors.
The distribution of these retail funds in Germany will be carried out exclusively by selected partners. In addition to DAB, T. Rowe Price is negotiating with other third party networks.
Minimum investment in the funds is set at €5,000, although DAB is accepting €500 as a special introductory offer during the first month after signing the deal.
T. Rowe Price launched the new SICAV fund range earlier this year. The German sub-funds comprise US blue chip equity, US large cap value equity, US smaller companies equity, global emerging markets equity, global clean future equity, global aggregate bond, global high yield bond and European corporate bond.
Moreover, US blue chip equity, the global emerging market equity and the global high yield bond funds have all received ‘AA’ ratings from Standard & Poor’s Fund Research.