Active Asset Allocation (A3) (Plus) - Finanzportfolioverwaltung unter Berücksichtigung von Nachhaltigkeitskriterien bei der Auswahl der Finanzinstrumente
中文标题
主动资产配置（A3）（增强版）——在选择金融工具时考虑可持续性标准的金融投资组合管理
Core conclusion · Tlines extraction
Deutsche Bank (Schweiz) AG manages the Active Asset Allocation (A3) (Plus) mandate with ESG criteria, using MSCI positive lists, minimum ESG ratings, and exclusion screens, while not pursuing sustainable investments.
- Institution
- Deutsche Bank
- Published
- 09/04/2026
- Research topic
- Not explicitly stated
- Time horizon
- Not explicitly stated
Key arguments
- The product applies ESG criteria in instrument selection but does not aim for sustainable investments.
- Minimum MSCI ESG rating of 'A' required, with exceptions for emerging markets issuers and certain funds at 'BBB'.
- At least 51% of the portfolio (excluding cash) must consider principal adverse impacts on sustainability factors.
- Exclusion criteria include companies with >5% revenue from thermal coal/ unconventional oil/gas, UN Global Compact violators, and controversial weapons.
- The Plus strategy focuses on limiting losses in falling markets, with no capital protection.
Key numbers
- Minimum portfolio share considering PAI
- 51%
- ESG rating threshold for standard issuers
- A
- ESG rating threshold for EM/high-yield
- BBB
- Maximum cash allowance under special conditions
- 100%
Main risks
- ESG data availability may be limited; the bank does not estimate missing data and relies solely on MSCI, which may result in incomplete adherence to ESG criteria.
- No external verification of ESG compliance is conducted.
- MSCI's assessments may be incorrect or incomplete, and the bank does not monitor MSCI's compliance.
Corresponding source evidence
No sentence-level evidence was extracted; verify the report directly.
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AI analysis
How this page was produced
Tlines extracted the conclusion, arguments, numbers and risks above from the report published by Deutsche Bank on 09/04/2026, then structured them for comparison. The publisher's own wording is reachable through the source link on this page and is displayed in full above. Last updated 10/17/2026. Methodology · Source policy · AI usage · Request a correction