Deutsche Asset & Wealth Management (“DeAWM”) announced today the launch
of the DWS CROCI Sector Opportunities Fund (tickers: Class A - DSOAX,
Class C - DSOCX, Class S - DSOSX, and Class Institutional - DSOIX) (“the
Fund”). The Fund is the third U.S. mutual fund offered by DeAWM to be
based on Deutsche Bank’s award-winning Cash Return On Capital Invested
(“CROCI”) methodology.
"This innovative addition to the CROCI platform offers investors a
compelling and unique opportunity to gain exposure to undervalued,
large-cap equities based on our proprietary stock-valuation methodology”
said Joe Hall, Head of CROCI in the Americas. “This product is yet
another example of Deutsche Asset & Wealth Management’s ability to
create high-quality, systematic investment strategies for our clients
who are seeking to capture the returns of ‘real’ value in the market.”
The Fund leverages Deutsche Bank’s proprietary stock-valuation
methodology, CROCI, to select approximately 30 stocks from the S&P 500
Index, STOXX Europe Large 200 Index and TOPIX 100 Index. CROCI is a
fundamentally-driven process which seeks to improve stock selection and
enhance portfolio management by identifying the “real” value in the
market, based on CROCI Economic P/E. In this fund, CROCI selects the
three sectors with the lowest, median trailing 12-month Economic P/E.
From each sector, it selects 10 stocks with the lowest positive trailing
12-month Economic P/E, resulting in a portfolio of 30 stocks, rebalanced
quarterly.
The Fund is managed by Di Kumble, Senior Portfolio Manager and Head of
Tax Managed Equities for Deutsche Asset & Wealth Management. The CROCI
team is made up of approximately 60 professionals covering 800 companies
from around the world. Approximately $13.2 billion are invested globally
in CROCI strategies as of April 2014, with nearly $2.5 billion in the
United States.
DWS CROCI Sector Opportunities Fund is a registered mutual fund under
the Investment Company Act of 1940. Deutsche Investment Management
Americas Inc. (DIMA) is the Fund’s investment advisor and DWS
Investments Distributors, Inc. is the Fund’s distributor.
Deutsche Asset & Wealth Management
With $1.29 trillion of assets under management (as of March 31, 2014),
Deutsche Asset & Wealth Management¹ is one of the world's leading
investment organizations. Deutsche Asset & Wealth Management offers
individuals and institutions traditional and alternative investments
across all major asset classes. It also provides tailored wealth
management solutions and private banking services to high-net-worth
individuals and family offices.
¹ Deutsche Asset & Wealth Management is the brand name of the Asset
Management and Wealth Management division of the Deutsche Bank Group.
The legal entities offering products or services under the Deutsche
Asset & Wealth Management brand are listed in contracts, sales materials
and other product information documents.
Important risk information
The fund will be managed on the premise that stocks with lower CROCI®
Economic P/E Ratios may outperform stocks with higher CROCI® Economic
P/E Ratios over time. This premise may not always be correct and
prospective investors should evaluate this assumption prior to investing
in the fund. Investing in foreign securities, particularly those of
emerging markets, presents certain risks, such as currency fluctuations,
political and economic changes, and market risks. The fund may lend
securities to approved institutions. Stocks may decline in value. See
the prospectus for details.
Obtain a prospectus
To obtain a summary prospectus, if available, or prospectus, download
one from dws-investments.com, talk to your financial representative or
call (800) 728-3337. We advise you to carefully consider the product’s
objectives, risks, charges and expenses before investing. The summary
prospectus and prospectus contain this and other important information
about the investment product. Please read the prospectus carefully
before you invest. All investments involve risk, including potential
loss of principal.
Investment products: No bank guarantee | Not FDIC insured | May lose
value
Investment products offered through DWS Investments Distributors, Inc.
Advisory services offered through Deutsche Investment Management
Americas, Inc.
Deutsche Asset & Wealth Management represents the asset management and
wealth management activities conducted by Deutsche Bank AG or any of its
subsidiaries. Clients will be provided Deutsche Asset & Wealth
Management products or services by one or more legal entities that will
be identified to clients pursuant to the contracts, agreements, offering
materials or other documentation relevant to such products or services.
The CROCI valuation process is not managed or executed by Deutsche
Investment Management Americas, Inc (DIMA). The members of the CROCI
team are not employees of DIMA nor do they provide investment advisory
services on behalf of DIMA.
DWS Investments Distributors, Inc. 222 South Riverside Plaza Chicago, IL
60606-5808
www.dws-investments.com
service@db.com
Tel (800) 621-1148 R-035083-1.0
Copyright Business Wire 2014