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Promotional material published by B. Metzler seel. Sohn & Co. KGaA - 2.5.2019

Clerical Pension Fund (Protestant Pension Fund) awards FX overlay mandate to Metzler Currency Management

Metzler Bank has secured a currency overlay mandate from a clerical pension fund. The pension fund, which is a member of the ”Arbeitsgemeinschaft kommunaler und kirchlicher Altersversorgung“ (Community of Municipal and Church Retirement Pensions). In 2016 it won the award of the industry magazine Portfolio Institutionell in the category ”Best Pension Fund“. The jury praised the funds efficient organisation in particular, but also the quality, transparency and monitoring of all its decisions. Beyond its own organisation, the pension fund outsources complex activities to external specialists, including mandating the management of FX risks arising from investments to Metzler Capital Markets in March 2019.

The volume of the FX overlay mandate for Metzler Bank is more than EUR 1 billion. ”We appreciate the confidence placed in us by our client, which reflects the success of our currency strategies,“ says Mario Mattera, the partner responsible for the Capital Markets division at Metzler Bank. ”Our systematic hedging strategy allows efficient and cost-effective management of FX risks without sacrificing the opportunity to participate in positive price performance,“ explains Özgür Atasever, Head of Currency Management at Metzler Capital Markets. “More and more clients are asking for systematic FX management because regulatory transparency requirements have become stricter and FX risks have grown significantly,“ Atasever continues. Furthermore, centralized FX management not only leads to absolute transparency of all FX risks and FX transactions but also to significantly reduced transaction costs thanks to netting and meticulous cost control.

In 2017, Metzler Currency Management won the Currency Manager of the Year award at the European Pensions Awards in London, prevailing over reputable competitors. This award recognizes investment firms, advisors and service providers from all over Europe who have set professional standards to best support European pension funds in an increasingly challenging market environment.

Metzler Capital Markets’ currency management provides clients with various FX management options. Services range from passive and active management of FX risks to a risk-adjusted investment strategy that invests globally in attractive high-yield currencies. Throughout In all management approaches, the investor’s individual risk profile is always taken into account.

Press contact

Jörg-Matthias Butzlaff, Leiter Unternehmenskommunikation, Pressesprecher
Jörg-Matthias Butzlaff

(+49) 69 2104-4975

This document constitutes promotional material published by B. Metzler seel. Sohn & Co. KGaA (Metzler).

It is based on information which is generally available and which Metzler believes to be fundamentally reliable. Metzler has not verified the accuracy or completeness of the information and provides no warranty or representation in respect of the accuracy or completeness of the information, opinions, estimates, recommendations and forecasts contained in this document. Neither Metzler nor any of its shareholders or employees may be held liable for damages or any other disadvantage suffered due to inaccurate or incomplete information, opinions, estimates, recommendations or forecasts resulting from the distribution or use of this document or in connection with this document in any way.      

This document is provided for advertising purposes only and does not constitute or form part of any offer or solicitation of any offer to buy securities, other financial instruments or other investment instruments. This document does not meet the legal requirements for ensuring impartiality of investment recommendations pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Section 20 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 regarding market abuse (Market Abuse Directive) to which Articles 4 and 6 of the Delegated Regulation (EU) 2016/958 of the Commission of March 9, 2016 apply in addition to the Market Abuse Directive. Metzler does not act as investment advisor or portfolio manager in preparing this document. This document does not constitute personal investment advice.

The information, opinions, estimates, recommendations and forecasts contained in this document reflect the personal views of the author at the time of publication on the financial instruments or issuers that form the subject of this document and do not necessarily reflect the opinions of Metzler, the issuer or third parties. They may also be subject to change on account of future events and developments. Metzler has no obligation to amend, supplement or update this document or to otherwise notify recipients in the event that any information, opinions, estimates, recommendations or forecasts stated herein should change or subsequently become inaccurate, incomplete or misleading. The model calculations contained in this document, if any, are examples showing the possible performance and are based on various assumptions (e.g. regarding earnings and volatility). The actual performance cannot be guaranteed, warranted or assured.

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