Key information
The DWS Concept DJE Globale Aktien invests in a global investment universe. The focus of the concentrated portfolio of 50 - 70 stocks is on finding attractively valued and substantial companies. The fund, which operates flexibly and independently of index requirements, aims to achieve the highest possible earnings and growth opportunities by actively managing the weighting of countries, sectors and individual stocks. A balanced risk/reward profile with the lowest possible maximum drawdown and comparatively low volatility is aimed for. Thanks to its structured investment approach, the fund offers global opportunities with balanced volatility.
Responsible manager since 31/03/2014
Key information
| ISIN: | DE0009777003 |
| WKN: | 977700 |
| Category: | Global Equity Funds - General |
| VG/KVG: | DWS Investment S.A. |
| Fund Manager: | DJE Kapital AG |
| Risk Category: | 5 |
| This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088). | |
| Type of Share: | accumulation |
| Financial Year: | 01.01. - 31.12. |
| Launch Date: | 03/07/1995 |
| Fund currency: | EUR |
| Fund Size (19/05/2022): | 462,22 Mio EUR |
| Ongoing Charges p.a. (31/12/2020): | 1,65 % |
| Reference Index: | MSCI World EUR (PI) |
Fees
| Initial Charge: | 5,000 % |
| All-in fee p.a.: | 1,65 % |
Ratings & Awards (19/05/2022)
| Morningstar*: |
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Awards: AAA Recognised with the top AAA rating in Citywire's fund manager ratings |
no esg data available
Perfomance Chart
Performance in Percent vs. Reference Index
Risk metrics |
|
|---|---|
| Standard Deviation (1 years): | 13,69 % |
| Tracking Error (1 years): | 9,84 % |
| Value at Risk (99% / 20 days): | -8,83 % |
| Maximum Drawdown (1 year): | -14,17 % |
| Sharpe Ratio (1 years): | 0,05 |
| Correlation (1 years): | 0,58 |
| Beta (1 years): | 0,71 |
| Treynor Ratio (1 years): | 0,99 |
Top Country Allocation (31/03/2022) |
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|---|---|
| United States | 35,40 % |
| Germany | 18,70 % |
| Other Countries | 11,80 % |
| France | 4,70 % |
| Hongkong SAR | 4,60 % |
Asset Allocation (31/03/2022) |
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|---|---|
| Stocks | 97,00 % |
| Cash | 3,00 % |
Investment approach
The DWS Concept DJE Globale Aktien is a global equity fund that operates independently of index guidelines. The investment strategy is based on a top-down country and sector assessment, bottom-up fundamental analyses and the individual stock selection by Dr. Jan Ehrhardt. The investment focus of the strategy is on attractively valued and substantial companies, which result from the assessment from a fundamental, monetary and market perspective (FMM method). Derivatives are actively used to hedge currency and other market risks.
Chances
- The security selection is based on a fundamental, monetary and market-technical analysis – this FMM approach has a proven track record of over 45 years
- No regional restrictions – the focus can be on any region where the performance of the capital markets is promising
- Participation in the performance of the international equity markets
Risks
- Issuer country and credit risks
- Equity prices may exhibit relatively strong fluctuations depending on market conditions
- The FMM method does not guarantee investment success
Monthly Commentary
April was a difficult month for the stock markets. A whole range of risk factors weighed on the stock markets: the war in Ukraine and fears of further escalation weighed on sentiment and increased investor pessimism. Energy prices remained at a high level, but did not rise much further, mainly because demand from China's manufacturing industry declined significantly. In addition, the lockdown in Shanghai caused a traffic jam in the busiest container port, which further strained the already tight global supply chains. Thus, price pressure on energy, many commodities and food remained high. Inflation rose to 8.5% (in March) in the US and 7.5% year-on-year in the euro area, increasing pressure on central banks to raise policy rates. In this market environment, the value of the DWS Concept DJE Globale Aktien fell by -1.98%. Its benchmark index MSCI World corrected by -3.81% on a euro basis. On the international stock markets, about one third of the sectors performed positively in April. The highest gains were recorded by the food & beverages and personal care & pharmaceuticals sectors. The energy, utilities and healthcare sectors, among others, also achieved positive results. The other sectors, however, suffered losses in April. The strongest price declines were recorded in the media, technology, automotive, financial services and retail sectors. The fund benefited from its exposure to the food & beverages, personal care & pharmaceuticals and energy sectors during the reporting period. At the individual stock level, the strongest value contributions came from the Danish pharmaceutical company Novo Nordisk, the Bonn-based telecommunications company Deutsche Telekom and the Spanish energy provider Iberdrola. On the other hand, the financial services, technology and real estate sectors detracted from the fund's performance in April. On the equity side, the US companies Amazon (online mail order), Alphabet (internet services; parent company of Google) and Nvidia (IT hardware) were particularly disappointing.
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Fund reporting
Figures subject to revision by the auditors on the reporting dates. The published information does not constitute investment advice or a recommendation, but only provides a brief summary of the key features of the fund. The current sales documents (Key Investor Information Document, prospectus, annual report and - if the annual report is older than eight months - the semi-annual report) for the respective investment funds form the sole basis for the purchase of securities. The sales documents are available at no charge at the respective fund company, the distribution company or at www.dje.de.
All data and estimates are indicative and may change at any time. This information is based on our assessment of current legal and tax regulations. The data were carefully compiled, but no guarantee can be given for the accuracy of such information. All data are subject to change.
The performance is calculated using the BVI (Bundesverband Investment und Asset Management e.V.) method, i.e. without taking into account the subscription fee. Individual expenses such as fees, commissions and other charges are not taken into account in the data and would have a detrimental effect on the performance if they were. The subscription fees payable reduce the invested capital as well as the performance depicted. Data on past performance are not a reliable indicator of future performance.
The tax treatment depends on the individual circumstances of the investor and may be subject to change. Please see the prospectus for more detailed tax information.
In connection with brokering fund units, the Dr. Jens Ehrhardt Group and its distribution partners may receive reimbursements from costs charged to the funds by the investment companies in accordance with the respective prospectuses.
The units of this fund that are issued may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Therefore the units of this fund may not be offered for sale or sold in the USA, or offered for sale or sold to or for the account of US citizens or US persons resident in the USA.
This document and the information it contains may not be distributed in the USA. The distribution and publication of this document and the offer or sale of units may also be subject to restrictions in other jurisdictions.
The management company of the fund is DWS Investment S.A. Distributor is DWS Investment GmbH and the DJE Kapital AG. A summary of investors' rights can be obtained free of charge in English in electronic form at www.dws.com/footer/legal-resources/. The funds described in this marketing document may have been notified for distribution in different EU Member States. Investors' attention is drawn to the fact that the relevant management company may decide to withdraw the arrangements it has made for the distribution of the units of its funds in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.