Word: investas
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Dates: during 1961-1961
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...imaginative drive, Deutsche Bank has expanded its services to small depositors, and even opened up a personal loan department-a field that European banks long considered beneath their dignity. To bring more West Germans into the securities market, Abs set up in 1956 a mutual fund, Investa, whose holdings are now worth $166 million. Last year, to encourage investment in foreign enterprises, he established two more mutual funds composed entirely of shares in non-German companies. But Abs's chief interest still lies in financing German industry, and over half of the bank's loans go to industrial...
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