Deutsche Bank AG said it will combine the no-load mutual funds of Bankers Trust with similar funds from Morgan Grenfell into a $35 billion-asset fund family bearing the Deutsche name.

The consolidation is set for early next year. Deutsche Bank bought Bankers Trust in June; the deal brought Deutsche the $32 billion-asset BT Funds. The German banking company bought Morgan Grenfell, with $3 billion of fund assets, in 1990.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.