Our footprint spans geographies and client types, with investment professionals located in key insurance centers around the world. This, along with a diverse business mix, allows DWS to execute sophisticated custom solutions on a regional level with a specific insurer perspective.
Source: AUM as of December 31, 2023.
*2024 edition of the Insurance Investment Outsourcing Report. DWS ranks no. 5 overall for AUM managed globally for third-party insurance general accounts. No fee was paid by DWS to participate.
Insurance fixed-income is at the core of our clients’ investment programs and our insurance asset management platform as well. A dedicated Insurance Fixed Income Portfolio Management team can be complemented by a broader set of investment capabilities across asset classes and risk spectrum, in both active and passive structures.
SAA & Solvency Framework | Product Innovation | ||
Insurance fixed-income |
Multi asset |
Alternatives & non core |
Unit-linked & variable annuities |
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DIGITAL SOLUTIONS Customized and model portfolio development |
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PASSIVE Xtrackers ETFs & Institutional passive mandates | Passive “building blocks” for the four steps above |
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ESG Unique ESG Engine** | Investment overlay and risk management | Responsible investment opportunities |
As of December 31, 2022
*Source: Fondspolicen Spezial, Fonds Professionell percentage of market share, 2022
** Source: DWS developed an engine, which is our proprietary software that aggregates data from multiple third-party commercial providers of ESG data, as well as data from several non-governmental organizations, to arrive at various ESG solutions (e.g., assignments of ratings to investment positions and sovereigns). The ESG engine is operated by DWS International GmbH, a German affiliate of DIMA, a U.S. registered investment adviser. DIMA's portfolio managers have access to ESG solutions produced by such German affiliate and may use such ESG solutions in managing client accounts. Please see Part II of the adviser's Form ADV for additional information regarding ESG issues.
DWS insurance team members, from Solutions and Structuring, Coverage and Relationship Management, to Portfolio Management and Investment Specialists, actively collaborate to deliver insurers a cohesive and comprehensive investment experience. While the approach can vary by region, the objective is always the same—to deliver a bespoke investment program based on an insurer’s unique risk and return preferences.
Structuring & insurance analytics |
Portfolio management |
Insurance coverage & relationship management |
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Enterprise Assessment |
Portfolio Construction |
Portfolio Analytics |
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Establish Investment Framework |
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Quantitative Modeling |
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DWS’s insurance asset management platform partners with insurers of all sizes and types to provide end-to-end solutions across strategic asset allocation, insurance advisory, and portfolio and product structuring.
1. Enterprise assessment |
2. Establish framework |
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— Comprehensive review of enterprise and operating environment — Underwriting environment: Cycle, profit trends, competition, underwriting standards — Capital position, allocation, efficiency — Industry and peer research — Collaboration with management — Liability profile |
— Define constraints and risk/ return metrics — Primary and secondary objectives: total return/income versus volatility — External constraints: Regulation, tax considerations, accounting, rating agencies — Permitted asset classes: iterative process, driven by client — RBC, BCAR implications |
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4. Review, revise, recommend |
3. Quantitative modelling |
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— Iterative process to refine client objectives, constraints and recommendations — Client feedback incorporated into optimization runs: enables a more refined and effective optimization result — Alignment of recommendation with practical implementation constraints: includes liquidity and market timing considerations |
— Flexible quantitative framework to evaluate multiple objectives and solutions — Development of asset class assumptions: inputs to optimization models — Quantitative portfolio optimization: in-house, proprietary models are leveraged; multiple objectives and constraints are incorporated |
Solutions collaboration based on regional focus | ||||
Insurance strategy & advisory |
Insurance structuring & analytics |
Insurance portfolio management |
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— Deep understanding of the investment challenges of insurance companies — Strategic advice on the structure of business with regard to assets and liabilities — Expertise in regulatory environment and accounting developments — Analysis of industry parameters, taking into account accounting, regulatory, and capital considerations — Peer analysis |
— Bespoke quantitative modeling — SAA with consideration of regulatory capital requirements — LDI and ALM solutions — Advise on hedging structures — Product development for Unit-linked Life insurance products — Life-cycle & retirement solutions |
— Long heritage in managing fixed-income portfolios for insurers — Broad range of insurance customized products and individual investment strategies — Intense partnership and dialog between our investment professionals and clients — Various high-end tools for portfolio simulation, analysis and projections including cash flow and income — Develop and deliver individual and customized insurance-oriented reporting |
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Off- and on-balance sheet solutions |
For more information regarding award criteria, please click here.
For general contact information, please visit our Contact us page under Profile
Investments are subject to investment risk, including market fluctuations, regulatory change, possible delays in repayment and loss of income and principal invested. The value of investments can fall as well as rise and you might not get back the amount originally invested at any point in time.
Investments in Foreign Countries—Such investments may be in countries that prove to be politically or economically unstable. Furthermore, in the case of investments in foreign securities or other assets, any fluctuations in currency exchange rates will affect the value of the investments and any restrictions imposed to prevent capital flight may make it difficult or impossible to exchange or repatriate foreign currency.
Foreign Exchange/Currency—Such transactions involve multiple risks, including currency risk and settlement risk. Economic or financial instability, lack of timely or reliable financial information or unfavorable political or legal developments may substantially and permanently alter the conditions, terms, marketability or price of a foreign currency. Profits and losses in transactions in foreign exchange will also be affected by fluctuations in currency where there is a need to convert the product's denomination(s) to another currency. Time zone differences may cause several hours to elapse between a payment being made in one currency and an offsetting payment in another currency. Relevant movements in currencies during the settlement period may seriously erode potential profits or significantly increase
any losses.
High Yield Fixed Income Securities—Investing in high yield bonds, which tend to be more volatile than investment grade fixed income securities, is speculative. These bonds are affected by interest rate changes and the creditworthiness of the issuers, and investing in high yield bonds poses additional credit risk, as well as greater risk of default.
Commodities—The risk of loss in trading commodities can be substantial. The price of commodities (e.g., raw industrial materials such as gold, copper and aluminum) may be subject to substantial fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. Additionally, valuations of commodities may be susceptible to such adverse global economic, political or regulatory developments. Prospective investors must independently assess the appropriateness of an investment in commodities in light of their own financial condition and objectives. Not all affiliates or subsidiaries of Deutsche Bank Group offer commodities or commodities-related products and services.
An investment in private investment vehicles is highly speculative and involves a significant degree of risk.
Bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally the longer a bond's maturity, the more sensitive it is to this risk. Bonds may also be subject to call risk, which is the risk that the issuer will redeem the debt at its option, fully or partially, before the scheduled maturity date. The market value of debt instruments may fluctuate, and proceeds from sales prior to maturity may be more or less than the amount originally invested or the maturity value due to changes in market conditions or changes in the credit quality of the issuer. Bonds are subject to the credit risk of the issuer. This is the risk that the issuer might be unable to make interest and/or principal payments on a timely basis. Bonds are also subject to reinvestment risk, which is the risk that principal and/or interest payments from a given investment may be reinvested at a lower interest rate. Investing in high yield bonds, which tend to be more volatile than investment grade fixed income securities, is speculative. These bonds are affected by interest rate changes and the creditworthiness of the issuers, and investing in high yield bonds poses additional credit risk, as well as greater risk of default.
Structured solutions are not suitable for all investors due to potential illiquidity, optionality, time to redemption, and the payoff profile of the strategy. We or our affiliates or persons associated with us or such affiliates may: maintain a long or short position in securities referred to herein, or in related futures or options, purchase or sell, make a market in, or engage in any other transaction involving such securities, and earn brokerage or other compensation. Calculations of returns on the instruments may be linked to a referenced index or interest rate. In such cases, the investments may not be suitable for persons unfamiliar with such index or interest rates, or unwilling or unable to bear the risks associated with the transaction. Products denominated in a currency, other than the investor’s home currency, will be subject to changes in exchange rates, which may have an adverse effect on the value, price or income return of the products. These products may not be readily realizable investments and are not traded on any regulated market.
Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Emerging markets tend to be more volatile than the markets or more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries.
Investments in commodities are subject to risk, including possible loss of invested capital. The price of commodities (e.g. raw industrial materials such as gold, copper and aluminum) may be subject to substantial fluctuations over short periods of time and may be affected by unpredictable international monetary and political policies. Additionally, valuations of commodities may be susceptible to such adverse global economic, political or regulatory developments. Commodities are long-term investments and should be considered part of a diversified portfolio; market-price movements, regulatory changes, economic changes and adverse political or financial factors could have a significant impact on performance.
An investment in infrastructure involves a high degree of risk, including possible loss of principal amount invested, and is suitable only for sophisticated investor who can bear such losses. Infrastructure investments will be susceptible to adverse economic, business, regulatory or other occurrences affecting infrastructure assets. Infrastructure investments can be affected by various factors, including general or local economic conditions and political developments, general changes in market sentiment towards infrastructure assets, high interest costs in connection with capital construction and improvement programs, difficulty in raising capital, costs associated with compliance with changes in regulations, regulation or intervention by various government authorities, including government regulation of rates, inexperience with and potential losses resulting from the deregulation of a particular industry or sector, changes in tax laws, environmental problems, technological changes, surplus capacity, casualty losses, threat of terrorist attacks and changes in interest rates.
Competition for Investment Opportunities. The activity of identifying, completing, and realizing attractive acquisitions of core and value added real estate and real estate related assets are highly competitive. The Fund competes for investment opportunities with many other real estate investors, including other real estate funds, individual and institutional investors, public and private real estate companies and REITs, and financial institutions. Many such entities have substantially greater economic and personnel resources than the Fund or better relationships with sellers of properties, lenders and others or ability to accept more risk than the Fund believes can be prudently managed.
Risks of Environmental Liabilities. Under various laws, ordinances and regulations of the jurisdictions in which investments are made, an owner or operator of real property may become liable for the costs of removal or remediation of certain hazardous substances released on, about, under or in its property. Environmental laws often impose this liability without regard to whether the owner or operator knew of, or was responsible for, the release of hazardous substances. The cost of any required remediation and the owner’s liability therefore as to any property is generally not limited under such laws and regulations and could exceed the value of the property and/or the aggregate assets owned. The presence of hazardous substances, or the failure to remediate hazardous substances properly, may adversely affect the owner’s ability to sell or use real estate or to borrow outside funds using real estate as collateral.
Risks of Investing in Real Estate Generally. There is no assurance that the operations of the Fund will be profitable. Because real estate, like many other types of long term investments, historically has experienced significant fluctuation and cycles in value, specific market conditions have resulted in and may in the future result in occasional or permanent reductions in the value of the Fund’s investments. Investments in real estate are subject to various risks, including without limitation: (i) the cyclical nature of the real estate market and changes in national or local economic or market conditions; (ii) the financial condition of tenants, buyers and sellers of properties, (iii) changes in supply of, or demand for, properties in an area; (iv) various forms of competition; (v) fluctuations in lease rates; (vi) changes in interest rates and in the availability, cost and terms of financing; (vii) promulgation and enforcement of governmental regulations, including rules relating to zoning, land use and environmental protection; (viii) changes in real estate tax rates, energy prices and other operating expenses; (ix) risks due to leverage and dependence on cash flow; (x) changes in applicable laws; (xi) various uninsured or uninsurable risks and losses; (xii) acts of God and natural disasters; and (xiii) civil unrest, acts of war or terrorism.
Investment in real estate may be or become nonperforming after acquisition for a wide variety of reasons. Nonperforming real estate investment may require substantial workout negotiations and/ or restructuring. Environmental liabilities may pose a risk such that the owner or operator of real property may become liable for the costs of removal or remediation of certain hazardous substances released on, about, under, or in its property. Additionally, to the extent real estate investments are made in foreign countries, such countries may prove to be politically or economically unstable. Finally, exposure to fluctuations in currency exchange rates may affect the value of a real estate investment. Investment in private equity funds is speculative and involves significant risks including illiquidity, heightened potential for loss and lack of transparency. The environment for private equity investments is increasingly volatile and competitive, and an investor should only invest in the fund if the investor can withstand a total loss. In light of the fact that there are restrictions on withdrawals, transfers and redemptions, and the Funds are not registered under the securities laws of any jurisdictions, an investment in the funds will be illiquid. Investors should be prepared to bear the financial risks of their investments for an indefinite period of time.
ESG Disclaimer:
Environmental, social responsibility and corporate governance (ESG) related strategies seek to provide investors with access to assets that meet responsible investment criteria without sacrificing investment returns. Although we strive to incorporate an ESG criterion, as one of many other criteria, in our investment process, DWS is a fiduciary and will act in the best interests of the client and investment account. Thus, the investment team will not sacrifice performance for ESG investments unless specifically required by a client's investment guidelines. In addition, ESG activities and processes may vary by investment strategy, asset type and location.
DWS ESG signals that DWS uses in its investment management are sourced or derived from data that DWS receives pursuant to licenses with third-party commercial ESG data providers. Sources: ISS ESG, www.reprisk.com, Sustainalytics, S&P Trucost Limited, MSCI ESG Research Inc., Arabesque S-Ray and Morningstar, Inc., as well as information publicly available. These signals do not constitute investment advice or recommendations by such providers. All rights in the data and reports provided by third-party licensors vest in such licensors and/or their content providers. None of such licensors or their affiliates, or their content providers, accept any liability for any errors, omissions or interruptions in such data/reports as to completeness, accuracy or timeliness. No copying or further distribution of such data/reports is permitted without such third-party licensors’ express written consent.
DWS developed an engine, which is our proprietary software that aggregates data from multiple third-party commercial providers of ESG data, as well as data from several non-governmental organizations, to arrive at various ESG solutions (e.g., assignments of ratings to investment positions and sovereigns). The ESG engine is operated by DWS International GmbH, a German affiliate of DIMA, a U.S. registered investment adviser. DIMA's portfolio managers have access to ESG solutions produced by such German affiliate and may use such ESG solutions in managing client accounts. Please see Part II of the adviser's Form ADV for additional information regarding ESG issues.
Details of awards presented:
Insurance Asset Risk Awards Americas 2024 – Equity manager of the year and Responsible investor of the year – announced Oct. 9, 2024
Insurance Asset Risk Awards Americas 2023 – Equity manager of the year and Real Asset manager of the year – announced October 11, 2023
Insurance Asia News 2023 – Best ETF manager of the year and Best passive manager of the year – announced June 2023
Insurance Asset Risk Awards Americas 2022 – Real asset manager of the year – announced October 11, 2022
Insurance Asset Risk Awards UK & Europe 2022 – Emerging markets manager of the year, Passive Manager of the year – both awards announced February 25, 2022
Insurance Asset Risk Awards Americas 2021 – Real asset manager of the year – announced October 11, 2021
Insurance Asset Risk Awards UK & Europe 2021 – Alternatives manager of the year, Fixed income manager of the year – both awards announced February 26, 2021
Insurance Asset Risk Awards UK & Europe 2020 – Real assets manager of the year, Passive manager of the year – both awards announced February 10, 2020
Insurance Asset Management Awards 2020 – Investment Strategy of the Year, ESG Investment Strategy of the Year – both awards announced November 26, 2020
Gramercy Institute Financial Content Marketing Awards – Multi-Country Insurance (DWS IQ) - announced September 1, 2022
Insurance Asia News 2022 – Product Innovation Award – July 25, 2022
Insurance Asia News 2021 – Insurance Fund House of the Year – Hong Kong – July 16, 2021
Insurance Investment Outsourcing Report: The Insurance Investment Outsourcing Report is published by Clearwater Analytics in partnership with DCS Consulting, with the goal of promoting knowledge about insurance-focused investment solutions implemented through third party investment managers. Clearwater Analytics is a technology platform for investment accounting, analytics and reporting. DCS is involved with advising insurers and asset managers on the many nuances of insurance investing strategy, and is involved in the design of the IIOR format and administers data collection in partnership with Clearwater. The report has been published yearly since 2014. Any insurance asset management firm is able to submit. There is not charge for manager participation or for the public to access the report. In the 2024 edition (based on 2023 YE assets under management), DWS ranks no.5 overall for AUM managed globally of third-party insurance general accounts. 69 other firms submitted AUM for the 2024 report edition. DWS did not pay a fee to participate in the report. To access the report and additional details on the approach of the survey, please visit https://clearwateranalytics.com/resources/reports/2024-insurance-investment-outsourcing-report/
Insurance Asset Risk: Insurance Asset Risk is a source of news and analysis of investment strategy and the asset side of insurers’ balance sheets. Every year, the Insurance Asset Risk Awards formally recognizes the best in insurance asset management for the North American and UK and European markets. The awards are open to the public to enter. In the first round of judging, a small group of category judges will review submitted entry material and then score the entries in a secret ballot. Votes will be counted and verified by the Insurance Asset Risk editorial team. The top entries in each category will be shortlisted and will be put through to a larger judging panel who will score the entries for a second round of voting by secret ballot to determine the winners. All judges are senior industry experts from across the region, each chosen for their knowledge, objectivity and creditability. The judges' decision is final and neither Insurance Asset Risk nor the judging panel will enter into any correspondence regarding individual entries and/or award winners. Insurance Asset Risk and the judges recognize and respect the sensitive nature of the information submitted in the entries. Entries are not disclosed or discussed outside the judging process. The individuals on the judging panel are not disclosed. DWS did not pay a fee to enter our submission. A one-time licensing fee was paid by DWS to use the award image. DWS paid a subscription fee to the publication. For more information regarding the awards, please visit www.insuranceassetrisk.com/content/awards/
Insurance Asset Management: Insurance Asset Management targets the needs of chief investment officers, finance directors and heads of treasury at insurance companies globally by providing news and in-depth analysis to help guide their investment decisions. Every year, the Insurance Asset Management Awards recognize insurance industry participants across multiple categories. The judging panel is disclosed each year and is made up of leading experts across the industry. No employee of DWS has participated on the judging panel. The awards are open to the public to enter.
DWS did not pay a fee to be considered for the award. DWS paid a one-time licensing fee was paid to use the award image. No other compensation (e.g. membership fee, subscription fee, etc.) was paid by DWS to the publication. The investment strategy submitted for the award is a closed-end fund which is no longer accepting new investor. For more information regarding the awards, please visit https://insuranceassetmanagement.net/awards/index.php
InsuranceAsia News: InsuranceAsia News offers leading-edge commentary, opinion forming features and in-depth interviews for Asia’s Insurance and Re-insurance market. Every year, the publication issues Institutional Asset Management Awards. The awards recognize the exceptional work done by third party asset managers on behalf of their insurance company clients across the Asia Pacific region. The individuals on the judging panel are not disclosed. No employee of DWS has participated on the judging panel. The awards are open to the public to enter. No fee was paid by DWS to be considered for the award. No other compensation (e.g. membership fee, subscription fee, etc.) was paid by DWS to the publication. For more information regarding the awards, please visit https://insuranceasianews.com/awards/
Gramercy Institute: The Gramercy Institute is the world’s leading network for senior marketers from the world’s leading financial institutions. The mission of the Gramercy Institute is “to provide insight and information to senior marketers from the world’s leading financial brand while honoring and sharing the industry’s very best practices”. Gramercy Institute has been honoring excellence in financial services marketing since it hosted its first award event in 2003. The Financial Content Marketing Awards is open to any company (agency, publisher, financial firm, marketing services provider) that has conceived and/or executed a content marketing execution within the past 18 months for the benefit of a financial services firm (corporate entries are also accepted). The judging is carried out by a panel of financial services marketing leaders from the world’s top financial, media and marketing brands. No employee of DWS has participated on the judging panel. A submission fee was paid by DWS to enter for consideration of the award. No other compensation (e.g. membership fee, subscription fee, etc.) was paid by DWS to the issuing firm. DWS has been invited and participated in events as a guest speaker and completed other ad hoc activities for Gramercy Institute. This has been done without receiving compensation. DWS also does not pay a fee for these activities. For more information regarding the awards, please visit www.gramercyinstitute.com/award-programs
This material is intended for informational purposes only and it is not intended that it be relied on to make any investment decision. It does not constitute investment advice or a recommendation or an invitation or an offer or solicitation and is not the basis for any contract to acquire or buy or purchase any securities, units, any interest in any securities investment fund or any other financial investment product (Products), or for any member of DWS Group to enter into or arrange any type of transaction as a consequence of any information contained herein. Before making any decision or taking any action that might affect your personal finances or business, you should consult a qualified professional adviser.
To the fullest extent permissible pursuant to applicable law, while DWS provides the information in good faith, it accepts no responsibility for the accuracy, reliability, completeness or timeliness of the information contained herein. Your use of this material and information is at your own risk. You assume full responsibility and risk of loss resulting from the use of this document or information. No member of the DWS or any officer, employee or associate of them accepts any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omission in this document or for any resulting loss or damage whether direct, indirect, consequential or otherwise suffered by the recipient of this document or any other person.
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DWS and its affiliates do not provide accounting, tax or legal advice and investors should consult their own advisors with respect to their particular circumstances before making investment decisions.
This document has been prepared without consideration of the investment needs, objectives or financial circumstances of any investor. Before making an investment decision, investors need to consider, with or without the assistance of an investment adviser, whether the investments and strategies described or provided by DWS, are appropriate, in light of their particular investment needs, objectives and financial circumstances. Furthermore, this document is for information/discussion purposes only and does not constitute an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice.
Neither DWS nor any of its affiliates, gives any warranty as to the accuracy, reliability or completeness of information which is contained. Investments are subject to investment risk, including market fluctuations, regulatory change, possible delays in repayment and loss of income and principal invested. The value of investments can fall as well as rise and you might not get back the amount originally invested at any point in time.
Past performance is not indicative of future results. No representation or warranty is made as to the efficacy of any particular strategy or the actual returns that may be achieved.
The views expressed constitute DWS' or its affiliates’ judgment at the time of issue and are subject to change. Any forecasts provided herein are based upon
our opinion of the market as at this date and are subject to change, dependent on future changes in the market. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. Investments are subject to risks, including possible loss of principal amount invested. The value of shares/units and their derived income may fall as well as rise. Past performance or any prediction or forecast is not indicative of future results.
Certain DWS investment products and services may not be available in every region or country for legal or other reasons, and information about these products or services is not directed to those investors residing or located in any such region or country.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries, such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas Inc. and RREEF America L.L.C., which offer advisory services.
War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the fund and its investments.
This website is intended to be a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.
War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the fund and its investment.
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Carefully consider the fund's investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the fund's prospectus. To obtain a mutual fund summary prospectus, if available, or prospectus, call (800) 728-3337 or download one here. To obtain an ETF prospectus call (844) 851-4255 or download one here. To obtain the RREEF Property Trust prospectus, download one here. Read the prospectus carefully before investing.
Investing involves risk including loss of principal. Stocks may decline in value. Bond investments are subject to interest-rate, credit, liquidity, and market risks to varying degrees. When interest rates rise, bond prices generally fall. You cannot invest directly in an index. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Foreign investing involves greater and different risks than investing in US companies, including currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards. Emerging markets tend to be more volatile and less liquid than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. Funds investing in a single industry, country or in a limited geographic region generally are more volatile than more diversified funds. Performance of a fund may diverge from that of an underlying index due to operating expenses, transaction costs, cash flows, use of sampling strategies or operational inefficiencies. There are additional risks associated with investing in high-yield bonds, aggressive growth stocks, non-diversified/concentrated funds and small- and mid-cap stocks which are more fully explained in the prospectuses, as applicable. An investment in any fund should be considered only as a supplement to a complete investment program for those investors willing to accept the risks associated with that fund. Please read the applicable prospectus for more information.
Shares of exchange traded funds (ETFs) are bought and sold at market price (not NAV) throughout the day on the Fund’s Primary Listing Exchange. There can be no assurance that an active trading market for shares of a fund will develop or be maintained. Transactions in shares of ETFs will result in Brokerage commissions and will generate tax consequences. There are risks associated with investing, including possible loss of principal.
Shares of ETFs may be sold throughout the day on the exchange through any brokerage account. However, shares may only be purchased and redeemed directly from the funds by authorized participants in very large creation/redemption units. There is no assurance that an active trading market for shares of an ETF will develop or be maintained.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.
Xtrackers ETFs ("ETFs") are managed by DBX Advisors LLC (the "Adviser"), and distributed by ALPS Distributors, Inc. (“ALPS”). The Adviser is a subsidiary of DWS Group GmbH & Co. KGaA, and is not affiliated with ALPS.
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This website is intended to be a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.
DWS does not render legal or tax advice, and the information contained in this communication should not be regarded as such. The comments, opinions and estimates contained herein are based on or derived from publicly available information from sources that we believe to be reliable. We do not guarantee their accuracy. This material is for informational purposes only and sets forth our views as of this date. The underlying assumptions and these views are subject to change without notice.
For institutional client and registered representative use only. Not for public viewing or distribution.
War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the fund and its investments.
Past performance is not indicative of future returns. No assurance can be made that investment objectives will be achieved.
To obtain a summary prospectus, if available, or prospectus, for Institutional money market funds distributed by DWS Distributors, Inc., download one now or call Institutional Investor Services at (800) 730-1313, Monday through Friday, 8:30 am to 6:00 pm ET. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this information and other important information about the investment product, including management fees and expenses. Please read the prospectus carefully before you invest or send money.
Forecasts are based on assumptions, estimates, opinions and hypothetical models that may prove to be incorrect. Investments come with risk. The value of an investment can fall as well as rise and your capital may be at risk. You might not get back the amount originally invested at any point in time.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries, such as DWS Distributors, Inc., which offers investment products, or DWS Investment Management Americas, Inc. and RREEF America L.L.C., which offer advisory services.
Certain DWS products and services may not be available in every region or country for legal or other reasons, and information about these products or services is not directed to those investors residing or located in any such region or country.
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