DGAP-News: DF Group to launch its innovative trade finance fund concept before the end of Q2
(firmenpresse) - DGAP-News: DF Deutsche Forfait AG / Key word(s): Strategic Company
Decision
DF Group to launch its innovative trade finance fund concept before
the end of Q2
14.05.2013 / 14:11
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DF Group to launch its innovative trade finance fund concept before the end
of Q2
- DF Deutsche Forfait AG pioneering a new asset class
- Regulatory approval for the licence has been granted
- Investors show strong interest in the run-up to the launch
Cologne, 14 May 2013 - DF Deutsche Forfait AG is well on track to reach the
time targets it has set itself for the launch of an export receivables
fund. 'We will start marketing our first trade finance fund before the end
of this quarter and will thus launch an entirely new asset class,' says
Marina Attawar, member of the Board of Management of DF Group. Last week
the last outstanding licence approval from the relevant supervisory
authorities was obtained by Deutsche Kapital Limited, the Dubai-based
wholly-owned DF subsidiary which will be responsible for asset management
and marketing of the trade finance funds. DF Deutsche Forfait AG will thus
establish a second source of income besides the revenues from the existing
forfaiting business.
Being a niche player and foreign trade finance specialist focusing on the
Emerging Markets, DF Group's entry into the trade finance funds market will
expand its present focus on the acquisition of trade receivables and their
subsequent placement with individual investors - for good reason: declining
returns on bonds issued by countries and corporations with top credit
ratings are putting investors in fixed-interest investments under enormous
pressure. Market research conducted prior to the launch of the fund has
shown that investors across the globe are looking for assets generating a
higher return than government and corporate bonds while offering a
comparable risk exposure; at the same time investors prefer instruments
which are based on real goods transactions rather than on pure financial
market creativity. Against this background, DF Group sees itself in a
promising position to recruit entirely new investor groups who have so far
had no access to the asset class of foreign trade / trade finance
receivables; institutional investors have indicated great interests, as
have family offices and asset managers.
'Our product is designed for low volatility and relatively high yields,
which generally exceed those of conventional asset classes. This reflects
the fact that our fund is based on real cross-border trade transactions,
which will continue under all market conditions and pose a low risk,' says
Steve Hefft, who will run the funds business together with his colleagues.
The trade finance fund concept addresses professional investors
(institutions such as insurers and pension funds) as well as banks. While
professional investors will be able to invest directly in a trade finance
fund, banks can offer their customers own-branded trade finance funds
managed by Deutsche Kapital Limited. The first fund will initially amount
to approximately EUR 50 million and will reflect a mix of trade finance
transactions weighted by regions. 'Especially in the Gulf states and the
Middle East in general we have identified particularly strong interest in
our new, alternative investment product, which offers an attractive
risk/return profile,' says Marina Attawar, adding that 'more funds will
follow, which will primarily be targeted at investors in other regions.'
About DF Group
The main business activities of DF Group are the purchase and sale of
selected export receivables in emerging markets on a non-recourse basis.
The objective is to sell the acquired receivables at the same time or in
the short term. Forfaiting is an increasingly important tool in export
financing, with volumes rising in line with the continuing advance of
globalization. Creating tradable products from receivables benefits both
exporters and buyers. As well as transferring risk to the buyer, the main
benefit of forfaiting for exporters is the inflow of cash. This relieves
the exporters' credit lines and improves their balance sheet structure. DF
Deutsche Forfait AG structures receivables attractively, so that investors
seek them as a type of investment.
DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne
T +49 221 97376-37
F +49 221 97376-60
E investor.relations(at)dfag.de
http://www.dfag.de
End of Corporate News
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Language: English
Company: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag(at)dfag.de
Internet: www.dfag.de
ISIN: DE0005488795
WKN: 548879
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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210999 14.05.2013
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Datum: 14.05.2013 - 14:11 Uhr
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