Deutsche Bank has announced it has launched a new commodity fund called the DB Platinum IV Commodity Allocator Fund, as investment firms continue to seek gains from rising precious metals, agricultural goods, base metals and energy.

The fund combines two commodity investment strategies developed by Deutsche Bank.

The fund, which is structured as an open-ended UCITS fund, makes money both by tracking a specific index (or “beta”) and by taking bullish and bearish positions to achieve additional returns (“alpha”). The fund tracks the Deutsche Bank Liquid Commodity Index Allocator Index.

“By introducing this new UCITS fund, we underline our market leading position in the commodity sector with more than €2 billion in assets under management within our systematically managed commodity funds,” said Manfred Schraepler, head of db funds.

Schraepler said he expects the new fund will further broaden the company’s portfolio and at the same time reduce potential market risks.

The fund targets a volatility of 12 per cent and offers investors an on-demand sales service as well as exclusive access to monthly reports. The fund’s share classes are available in euros and dollars.