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MIXED FUNDS

German asset manager DJE celebrates its 50th anniversary

By Altment - 22 Noviembre 2023

- DJE is active in both asset management and asset administration.

- As an asset manager, they offer a diverse range of more than 25 investment funds investing in the equity and bond markets.

- Its clients are independent financial advisors, banks, fund managers, family offices and institutional investors in Germany, Austria, Luxembourg and Switzerland, as well as in Spain, Andorra and Italy.

- For institutional investors, DJE also offers advice, management as well as risk monitoring and management and creates dedicated and white label funds if desired.


The German fund manager DJE, whose funds are distributed in Spain by Altment Capital Partners, is celebrating its 50th anniversary. Founded in 1974 by Dr. Jens Ehrhardt, DJE is a family-owned company that will celebrate 50 years of experience in a few months and one of the largest independent financial services providers in the German-speaking region. With headquarters in Pullach near Munich, a fund manager in Luxembourg and branches in Cologne, Frankfurt and Zurich, DJE manages assets of retail and institutional clients in Germany and abroad worth EUR 15.5 billion

DJE is active in both asset management and asset administration. As an asset manager, they offer a diverse range of more than 25 investment funds investing in the world's most important and attractive equity and bond markets. Their funds have received numerous awards from independent rating agencies. They include global, regional and thematic equity strategies, fixed income and money market funds as well as funds of funds. They also offer commingled funds that allow a flexible mix of different asset classes and are among the best in their peer group.

Its clients are independent financial advisors, banks, fund managers, family offices and institutional investors in Germany, Austria, Luxembourg and Switzerland, as well as in Spain, Andorra and Italy. For institutional investors, DJE also offers advice, management, as well as risk monitoring and management and creates dedicated and white label funds if desired.

A proprietary methodology with three dimensions

DJE's proprietary FMM methodology, focusing on the three key dimensions that determine performance (fundamental, monetary and technical market factors), and originally based on the doctoral thesis of founder Dr. Jens Ehrhardt, is an indispensable part of its investment process. This unique investment framework is based on the principle that above-average returns can be achieved not only by taking into account fundamental factors such as overall market valuation and by conducting rigorous company research, but also by incorporating certain monetary and technical market factors.

In terms of strategic asset allocation at DJE, the first dimension, fundamentals, takes priority. DJE carries out an in-depth analysis of macroeconomic indicators and stock index fundamentals, focusing on long-term developments. This analysis helps to produce indicator-based forecasts for economic data such as GDP growth, employment and inflation, and serves as a basis for market price forecasts.

The second dimension relates to monetary indicators, which measure the liquidity available in equity and bond markets. DJE understands that liquidity is a necessary condition for sustained demand for risky assets, and central bank policies play a crucial role in this respect.

The third dimension comprises a broad set of technical market indicators, including proprietary sentiment indicators from DJE's database. These indicators provide information on important markets such as equities, bonds, currencies and commodities, especially for short-term decision making.

DJE's proprietary FMM methodology, focusing on the three key dimensions that determine performance (fundamental, monetary and technical market factors), and originally based on the doctoral thesis of founder Dr. Jens Ehrhardt, is an indispensable part of its investment process. This unique investment framework is based on the principle that above-average returns can be achieved not only by taking into account fundamental factors such as overall market valuation and by conducting rigorous company research, but also by incorporating certain monetary and technical market factors.

In terms of strategic asset allocation at DJE, the first dimension, fundamentals, takes priority. DJE carries out an in-depth analysis of macroeconomic indicators and stock index fundamentals, focusing on long-term developments. This analysis helps to produce indicator-based forecasts for economic data such as GDP growth, employment and inflation, and serves as a basis for market price forecasts.

The second dimension relates to monetary indicators, which measure the liquidity available in equity and bond markets. DJE understands that liquidity is a necessary condition for sustained demand for risky assets, and central bank policies play a crucial role in this respect.

The third dimension comprises a broad set of technical market indicators, including proprietary sentiment indicators from DJE's database. These indicators provide information on important markets such as equities, bonds, currencies and commodities, especially for short-term decision making.

 
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