Widespread Distribution Base

January 24, 2024

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The Munchner Emissionshaus DCM AG reports a reduced total investment volume compared to 40 percent of against the backdrop of the global economic crisis for the fiscal year 2009. Investments amounting to EUR 131 million for a total of seven funds were so (2008: 225 million euro) this corresponds to including premium placed equity of EUR 60 million (2008: 127 million euros). The sales of the DCM focused on three aircraft investment, as well as a solar Fund. The balance of the DCM for 2009 has a slightly positive result despite the difficult environment. Claus Hermuth as Chairman of DCM is the year 2009 ambivalent: on the one we could significantly strengthen our presence in the banking sector by we could win as savings banks and Volks – and Raiffeisen banks as a new distribution partner. On the other hand the economic crisis affected investor confidence in General, and therefore unfortunately also individual distributor sales.” The DCM is however due to the increasing management Economic crisis as well as the distribution also newly acquired Postbank from a faster placement in 2010, in particular the aircraft investment. Especially since”, so Hermuth, our funds that generate stable and load-independent cash flows, the right products for investors that are again are confident corporate investments.” The DCM aircraft funds include the most modern cargo aircraft in the world, which in the long term are leased to AeroLogic GmbH, a wholly owned subsidiary of Lufthansa Cargo AG and the Deutsche Post Beteiligungen holding GmbH. Last year, three machines were funded and delivered as planned to the tenant.

Flying since high capacity on routes between Europe and Asia, as well as the United States. “Just in time to be closed at the end of the year the DCM could GmbH & co. aircraft Fund 1 KG” with a placed equity of $ 91.5 million (total investment volume: US$ 186 million) and the DCM energy GmbH & co. solar 3 KG “with a total investment volume of around EUR 35 million with an equity capital of EUR 9.5 million (incl. premium).

Their systems were already in 2009 the network and secured the high feed-in tariffs after the energy a food Act (EEG) 2009 the Fund shareholders thus. For 2010, the DCM plans the circulation of another solar Fund. In addition received EUR 6.5 million in the DCM VorsorgePortfolio 2, which invested in up to 30 Fund from five asset classes as a Fund of funds. Considering the generally weak market figures, the provider of closed-end funds must continue working to show their advantages compared to other asset classes. This is both an industry and Association theme as a challenge for each individual underwriter. The DCM AG will engage also in 2010 as a very active market participants”, explains Claus Hermuth. The Munich-based DCM Deutsche capital management AG is one of the leading independent emission houses in the German investment market. The investment amounts to more than 4.6 billion since inception.





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