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Liquid Real Assets

Investing in real estate or infrastructure projects usually requires large investments and a long investment horizon. With Liquid Real Assets, it is possible to implement these investment solutions as liquid, easily tradable strategies.

DWS is one of the world's largest and longest tenured managers of Liquid Real Assets, with $30.5bn in total assets under management (as of 9/30/24). We invest in real estate securities, infrastructure securities, commodities, and a best-ideas strategy that tactically invests across the liquid real assets spectrum (including natural resources and TIPS).

While each asset class entails a different approach, diligent fundamental research is embedded into our investment process throughout the platform. Our tenured investment teams combine top-down and bottom-up approaches, leveraging the proven process of the broader platform, to create a truly unique asset allocation framework on behalf of our clients.

Overview

DWS is one of the largest managers in Liquid Real Assets $30.5bn in assets under management as of 9/30/2024. While most of the assets are invested in infrastructure and real estate securities, we also offer investment capabilities in other real assets and commodities, such as gold and precious metals.

Strengths

Experienced Team: More than 30 investment specialists that have long tenures both with the firm and in the industry.

Multi- Strategy & Global Approach: Strategic allocation and risk management is based on an investment process focusing on active stock selection through regional investment teams with a global top-down approach.

Customization: Different investment solutions via funds, individual mandates or sub-advisory agreements allow for individual preferences.

Investment process

Each asset class entails a specific approach, but all share a common aspect: active stock selection based in fundamental research. A large international portfolio management and analyst team, supported by an integrated research & strategy team, allows us to continually analyze the investment universe with accuracy. We also access the global resources of the Alternatives platform specialists who invest directly in real estate and infrastructure.

Portfolio construction is based on bottom-up selection for which we use our own methodology.

Why liquid real assets?

Diversification potential: withstand changing economic/capital market conditions
Competitive risk-return profile: Historically resilient through various market environments
Inflation protection: has historically helped maintain purchasing power

Past performance is not indicative of future returns. There is no assurance that investment objectives can be achieved.

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Real Estate Securities

We take a global perspective to research and decision making, with the goal of delivering attractive risk-adjusted returns.

Fundamental real estate analysis and detailed bottom-up company valuation as well as careful consideration of economic and local property market dynamics
A differentiated global portfolio construction process and dynamic pricing model
Research by locally-based teams, a large in-house direct property business, and capital markets inputs

Infrastructure Securities

DWS’s dedicated team actively manages portfolios of securities in listed infrastructure companies around the world.

Our investment approach focuses on active stock selection, with an emphasis on underlying infrastructure fundamentals and stock valuation, and a global top-down overlay of strategic allocation and risk management. We focus on pure-play infrastructure companies where company value is largely derived from owning and operating assets that are essential for economic needs.

Commodities

The Commodity Investment team’s active approach is based on fundamental research, taking into account multiple earnings factors. Products and investment solutions are available in:

Gold and precious metals
Commodity stocks
Commodity related securities

Real Assets

The Real Assets strategy is actively managed, seeking exposure to listed real estate, listed infrastructure, commodity futures and commodity equities, and Treasury Inflation Protected Securities (TIPS), and other asset classes that exhibit real asset characteristics.

Custom Quadrant framework provides a macro process that is repeatable and actionable
Tilt exposures within asset class as market conditions change
Tactical Allocation amongst Real Assets classes is a function of subsector allocation decisions
Leverages our expertise and experience in securities stock selection across several underlying real asset strategies

Real Estate

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Private Infrastructure

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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.

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.

Obtain a prospectus
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.

XtrackersTM is a trademark of DWS Group. All other trademarks, servicemarks or registered trademarks are the property of their respective owners. Your use of this site signifies that you accept our Terms & Conditions of Use.

Important information – U.S.

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.

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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The DWS Americas website is published in the United States (US) for investors or institutions who are residents of the US. Investors or institutions outside of the US are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this website. A Financial Professional is considered to be an Institutional investor, and the content prepared on this website is intended only for US Institutional investors and their financial representatives, and may not be suitable for and/or available to all investors. By clicking “accept and continue” below you are confirming that you are a US Financial Professional.

The information on this website should not be construed as an offer or solicitation of securities or services or an endorsement thereof in any jurisdiction or in any circumstance that is otherwise unlawful or not authorized. The information contained on this website is not intended as investment, accounting, tax or legal advice, but to the extent may be deemed to be a financial promotion under non-US jurisdictions, is provided for use by professional investors only and not for onward distribution to, or to be relied upon by, retail investors. Products and services may be provided in various countries by the subsidiaries and joint ventures of DWS.

Nothing contained herein is fiduciary or impartial investment advice that is individualized or directed to any plan, plan participant, or IRA owner regarding the advisability of any investment transaction, including any IRA distribution or rollover.

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Liquid Real Assets

Overview

Strengths

Investment process

Why liquid real assets?

Real Estate Securities

Infrastructure Securities

Commodities

Real Assets

Our team

David W. Zonavetch

Bob Thomas

Chris Robinson

Manoj Patel

Francis X. Greywitt

Darwei Kung

Evan Rudy

LRA Market Update

Thought leadership

Real Assets and the Energy Transition

The role of liquid real assets in defined contribution plans

Special Report | Gold & Precious Metals: April 2023

The Role of REITs in Real Estate Allocations: March 2023

Additional Alternatives

Real Estate

Private Infrastructure

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