DWS Go, the certificate platform for German fund provider DWS Investments, has recently started issuing structured products. The issuer, which is owned by Deutsche Bank, emitted only delta-1 or leveraged products in the past but now plans to launch certificates with conventional altiplano, express and bonus payoffs, as well as more uncommon and innovative structures.
The DWS subsidiary will also aim to address pending changes in taxation by issuing certificates in a fund wrapper.
In terms of underlyings, DWS Go will follow a strategy of using actively managed share baskets or funds which focus on emerging markets or niche themes for its products, it says. Green investment themes will be given particular attention.
The first steps towards increased structured product output were made by the recent launch of three DWS Go Easy Relax Express Certificates: 20-month growth products linked to a basket comprising three shares. Of these, Easy Relax Express Italy Zertifikat was also marketed in Italy.
Earlier this year, DWS Go also issued two Top Dividende Booster certificates, three-year growth products linked to share baskets which pay a bonus at maturity depending on the number of shares performing below a predetermined barrier during investment.
These products appear on the German database.
