Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Products December 2, 2010
DWS Launches World Dividend Fund
DWS Investments, the U.S. retail unit of Deutsche Bank’s Asset
Management division, has announced a change in name and strategy for the
DWS Europe Equity Fund.
Reported by PLANADVISER staff
With shareholder and Board of Directors approval, the fund has been renamed the DWS World Dividend Fund (SERAX).
A press release said the fund will reflect two significant changes to its investment strategy: a change in objective from growth with a focus on European common stocks, to a total return strategy with a focus on global high-dividend stocks; and a change of benchmark from the MSCI Europe Index to the MSCI World High Dividend Yield Index. The fund will be managed by Thomas Schuessler, Oliver Pfeil, Peter Steffen, and Fabian Degen, DWS’ Frankfurt -based value equities team.
According to the announcement, under the new investment strategy, the DWS World Dividend Fund will focus on total return emphasizing both current income and capital appreciation. The fund will invest at least 80% of net assets in companies across the globe with high dividends payouts and the opportunity for further dividend growth. The underlying goal is to help investors maintain a certain cash flow, while attempting to remove duration bond risk from their portfolios and improve long-term growth potential.