The DWS Concept DJE Responsible Invest is a mixed fund that invests worldwide in equities (min. 25%) and bonds of sustainable companies (green bonds). Companies that exert a positive influence on society through products, processes or special commitment are considered sustainable. In addition, the fund may only invest in companies whose CO2 emissions are below very strict limits. This CO2 filter manifests itself in a very low carbon footprint at fund level. Investments in green bonds are bonds whose proceeds flow into pre-defined green projects - these can include reforestation projects, the establishment of recycling cycles or the improvement of drinking water treatment. The fund is fully geared to globally valid sustainability requirements.
Responsible manager since 01/07/2019
Responsible manager since 01/12/2007
|Category:||Balanced Funds Flexible - World|
|VG/KVG:||DWS Investment S.A.|
|Fund Manager:||DJE Kapital AG|
|Type of Share:||distribution|
|Financial Year:||01.01. - 31.12.|
|Fund Size (19/01/2021):||37,79 Mio EUR|
|TER p.a. (08/08/2019):||0,75 %|
|Management Fee p.a.:||0,70 %|
|All In Fee:||1,65 %|
Ratings & Awards (19/01/2021)
Top Country Allocation (30/12/2020)
|United States||26,50 %|
|United Kingdom||2,90 %|
|Cayman Islands||2,80 %|
|Taiwan, Province Of China||1,60 %|
Asset Allocation (19/01/2021)
DJE works with MSCI ESG Research, a leading international provider of environmental, social and governance (ESG) analysis and ratings. The investment universe is examined on the basis of ESG filters. The fund management of the DWS Concept DJE Responsible Invest analyzes the closer selection qualitatively and invests in what it considers to be the most promising ESG leading stocks. Excluded are companies that violate United Nations regulations on human rights, labour rights and environmental protection or that generate more than 5% of their sales through weapons, gambling, nuclear energy, power plant coal or genetically modified seeds. On the equity side, the focus is on companies that have a positive impact on society and the environment. On the bond side, the fund invests primarily in "green bonds", i.e. bonds issued by companies that meet ESG criteria. Investment in government bonds is not the focus of attention, but is possible, provided there are no exclusion criteria such as high corruption, lack of freedom of the press or weak civil rights.
- Ongoing adjustment of the portfolio to the expected market conditions for strategic risk diversification
- Participation in the growth opportunities of the equity and bond markets - no fixation on a region or a Country
- Profit from the long-term investment trend Sustainability
- Experienced fund manager with an approach based on fundamental, monetary and market analysis (FMM), enhanced by ESG filters
- Equities carry risk of stronger price declines
- Price risks of bonds with rising interest rates
- Currency risks due to foreign share
- No guarantee that securities of companies considered sustainable will perform above average
- Country, credit and liquidity risks of issuers
In December the relief rally of previous month continued - albeit more moderately. Corona was also determinant in the last month of the year in negative and positive terms. In Europe many governments imposed tighter lockdown measures, on the other hand, several Covid 19 vaccines were approved and vaccination started in the UK. Stock markets received additional tailwinds from central banks, which increased and extended their bond-buying programs (ECB) or plan to continue until employment and inflation will improve (Fed). In Europe and China leading indicators and economic data pointed to a revival of the economy, while in the USA indicators declined slightly. A good sign of a reviving economy came from the oil price: Brent crude cost more than $50 per barrel for the first time since March 2020. In this context bond markets showed a mixed performance. In Germany yields on 10-year Bunds was virtually unchanged at -0.57%, while yields on their US counterparts rose from 0.84% to 0.91%. Corporate bonds showed a friendly trend worldwide at the end of the year. In this market environment the price of the DWS Concept DJE Responsible Invest rose 2.16%. In December shares of the US hardware and software developer Apple, the Danish wind turbine manufacturer Vestas Wind Systems, the Munich-based semiconductor manufacturer Infineon and the Danish energy supplier Orsted, among others, delivered positive contributions to the fund’s performance. On the other hand, viewing individual stocks, the contributions of the U.S. IT group Salesforce, the U.S. social media company Facebook and the Chinese IT group Alibaba were disappointing. During the month the fund's management added to sectors like basic materials, telecommunications and healthcare. On the other hand, the industrial and retail sectors, among others, were reduced. Regionally the weightings of Asia and the U.S. in particular were increased and the weighting of Europe (including Germany, the U.K. and France) was reduced. As a result of these adjustments the bond weighting increased from 24.13% to 28.90%. The equity allocation remained relatively stable at 70.30% (70.46% previous month). As of month-end stocks denominated in U.S. and Hong Kong dollars were partially currency hedged.
Legal Information / Disclaimer:
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.
*) © 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.