Deutsche Bank · 09/04/2026
Strategic Asset Allocation (SAA) (Plus) - Finanzportfolioverwaltung unter Berücksichtigung von Nachhaltigkeitskriterien bei der Auswahl der Finanzinstrumente
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The report
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AI analysis
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Key arguments
- DB SAA (Plus) promotes environmental and social features but does not aim for sustainable investments.
- Minimum MSCI ESG rating requirements: 'BBB' for funds in Emerging Markets or High Yield peer groups, 'A' for others.
- The strategy targets at least 51% of the portfolio (excluding cash) to consider principal adverse impacts on sustainability factors.
- The bank may hold up to 100% cash in special market conditions, and may hold non-ESG instruments under such conditions.
- The product does not aim for EU taxonomy alignment and does not undergo external ESG verification.
Risks
- ESG criteria may be met only to a limited extent due to reliance on MSCI as sole data provider and lack of verification of MSCI's assessments and positive lists.
- EU taxonomy alignment and sustainable investments may fluctuate strongly over time.
- In special market conditions, the portfolio may be up to 100% in cash, potentially limiting market participation.
- Data availability on principal adverse impacts is not always provided, and no estimates are made when data are missing.