Deutsche Bank's wealth management arm has noted a shift towards structured and commodity products, and hedge funds
Deutsche Bank Private Wealth Management has experienced a shift in demand among clients for more active advisory business as investors start to regain their confidence in global markets.
Rico Caduff, the private bank's Asia-Pacific head, said clients had recently begun to take a slightly more aggressive stance towards investing.
'We have clients requiring more structured products, more alternative investments, including hedge funds. We also see more demand for active foreign exchange trading. Commodity related products are also very popular with clients,' Mr Caduff said.
Michael Coglin, Deutsche Bank head of product management and investment solutions for Asia-Pacific, said clients had begun to take commodities related positions, based on the widely held perception that Asia would benefit from any major recovery in the United States economy.
'Clients have been active in a variety of trading strategies from buying gold-linked notes, with a mix of principle protection with varying degrees of upside participation. Our more aggressive clients buy commodities with full market exposure and some gain exposure through options. As an example, you might have a client buying a gold call option or selling a put option in order to take a long position in gold.'
