Deutsche Asset Management has merged its ESG-focused bond strategy into a global fixed income fund, Citywire Selector has learned.

The DWS ESG Global Government Bond fund was rolled into the Deutsche Invest Global Bonds High Conviction fund following the exit of its manager Dirk Aufderheide.

Aufderheide, who joined Deutsche Bank in 1994, was most recently a portfolio manager and currency strategist. Stefanie Holtze-Jen has replaced him in the latter role. 

The receiving strategy, the Deutsche Invest Global Bonds High Conviction fund, used to be co-managed by both Aufderheide and Citywire + rated Bernhard Falk, who remains on the strategy.

A spokesperson for Deutsche Asset Management said the high conviction fund will have more potential in the future as the firm continues to convert other bond funds into ESG-focused strategies.

This is part of the ongoing process that started with the Deutsche Invest I Euro Bonds (Short) fund, which is managed by Citywire A-rated manager Claus Meyer-Cordingin and Andrea Ueberschaer.

This fund was rebranded as the Deutsche Invest I ESG Euro Bonds (Short) fund in January and mainly invests in issuers with an ESG focus.