Deutsche Bank Expands Equity Service To GCC Markets

by Phillip Morton, Investors Offshore.com

27 April 2007

Deutsche Bank has announced the expansion of its 'aXess' equity products to include markets of the Gulf Cooperation Council (GCC).

The bank's aXess service is a suite of structured equity products that address the demand of international investors by providing full economic exposure to a wide range of markets across the globe.

In justification of the move, the bank said that not only are the GCC markets some of the fastest-growing in the world, they possess one of the fairest valuation levels and have low correlation with other markets, thus providing good opportunities for diversification. By deploying aXess into the GCC, Deutsche Bank said it is facilitating local investment by international investors.

Deutsche Bank aXess products allow investors to obtain immediate exposure to the performance of local shares via a Luxembourg listed instrument which is settled via Euroclear in US Dollars. Deutsche Bank acts as market maker and provides comprehensive price transparency. This aXess product suite expands on Deutsche's equity derivative and swap offering for the region. Deutsche Bank will initially provide access to Dubai, Abu Dhabi, Bahrain and Qatar.

Kerim Derhalli, Global Head of Emerging Markets Equities for Deutsche Bank commented: "Providing 'aXess' to the GCC builds on our extensive strategic commitment to the Middle East and North Africa. By furthering Deutsche Bank's innovative and market leading product offering we continue to strengthen our premium emerging markets position."

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