WestLB AG the No. 1 in Managed Real Estate Portfolios
Trade magazine "Asset-Backed Alert" has voted WestLB the world’s No. 1 in managed real estate portfolios for European investors in the first half of 2003. WestLB thus once again confirmed its expertise in structured capital market products and expanded its market share for collateralised debt obligations to roughly 14%.
Steadily increasing demand for higher-yielding bond products such as mortgage backed securities (MBS) or asset backed securities (ABS) has led to strong growth in this segment. In view of their lack of experience and analysing cabilities, the best decision for many investors is to rely on the expertise of an experienced manager. Thanks to its great creativity and strong ability to innovate, WestLB AG’s Global Financial Markets unit has become the No. 1 in this business segment in the first half of 2003.
While 2001 and 2002 were already highly successful years, WestLB AG has been able to further boost its performance this year. In the first six months, the Bank structured and managed a highly diversified USD 4.5 billion portfolio of ABS and MBS for its clients. All securities in the portfolio have an investment grade rating and are denominated in USD or EUR. The USD portfolios are compiled and managed by WestLB in Düsseldorf and New York, while the EUR portfolios are managed by Westfälische Hypothekenbank (WestHyp) in Dortmund, which has substantial experience in this business segment.
For more information, please contact:
Heike Leicher
Sales Germany
WestLB Global Financial Markets
Tel: +49 211 826-2666
Melanie Struve
Marketing & Communication
WestLB Global Financial Markets
Tel. +49 211 826-71887