As other European banks establish or buy U.S. investment managers, Deutsche Bank is relying on a German import to serve the American investor market.

All but two of the bank's 10 Deutsche Funds are clones of portfolios managed by DWS, a Frankfurt-based subsidiary of Deutsche Bank that has $68 billion of assets under management and two million shareholders. The U.S. funds, which mark their first anniversary Oct. 31, have $375 million of assets under management.

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