2003 Media Releases

Deutsche Asset Management has secured a new client with a A$10.1 million win from Australian not-for-profit friendly society, Australian Scholarships Group (ASG). The money, part of ASG's total funds of A$1.1 billion, will be invested into the Deutsche Cash Plus Fund.

Deutsche Asset Management’s Australian fixed income team, headed by Bill Bovingdon, is currently ranked among the top 2 managers for the 12 months, two years and three years to June 2003 in the InTech Research Australian Bonds Specialist Survey.

Deutsche Asset Management’s Head of Institutional Distribution, Ken Licence, says that Deutsche’s ability to tailor the product to meet ASG’s specific requirements coupled with the team’s exceptional track record in achieving outperformance in Australian fixed income, secured the win.

For further information contact:

Ken Licence
Deutsche Asset Management
Phone: (02) 9249 9021

Ainsley Gee
Corporate Communications
Deutsche Asset Management
Phone: (02) 9249 9904