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Rating:How Many Billions is Deutsche's Fund Unit Worth? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 16, 2011

How Many Billions is Deutsche's Fund Unit Worth?

News summary by MFWire's editors

Morgan Stanley analysts say that Deutsche Bank's non-core asset management business could fetch 1 billion euros ($1.3 billion) to 2 billion euros. Analysts mentioned the valuation in a note to investors that was picked up by Bloomberg.

The sale would include the German bank's U.S. mutual fund business that it acquired through its purchase of Scudder a decade ago. It later rebranded as DWS Investments [profile].

This assessment came after the German bank announced last month that it was exploring all strategic options for its global asset management division, except DWS mutual fund unit operations in Germany, Europe and Asia.

Morgan Stanley analysts Hubert Lam and Huw Van Steenis said a sale will increase capital levels by 10 to 40 basis points. They added that the bank's top executives "may wish to accelerate to a higher capital level through stronger de-leveraging, asset sales, or capital raise."  

Edited by: HFD


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