Warning – attempted fraud
We have detected that fraudulent individuals are misusing the "DWS" trademark and the names of DWS employees on the internet and social media. These fraudsters are operating fake websites, Facebook pages, WhatsApp groups and Mobile Apps. Please be aware that DWS does not have any Facebook Ambassador profiles or WhatsApp chats. If you receive any unexpected calls, messages, or emails claiming to be from DWS, exercise caution and do not make any payments or disclose personal information. We encourage you to report any suspicious activity to info@dws.com, including any relevant documents and the original fraudulent email. Additionally, if you believe you have been a victim of fraud, please notify your local authorities and take steps to protect yourself.
In Latin America, for institutional investors only. Further distribution of this material is strictly prohibited.
Important Information
DWS is the brand name of DWS Group GmbH & Co. KGaA and its subsidiaries under which they do business. The DWS legal entities offering products or services are specified in the relevant documentation. DWS, through DWS Group GmbH & Co. KGaA, its affiliated companies and its officers and employees (collectively “DWS”) are communicating this document in good faith and on the following basis.
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 investment advice.
This document is intended to be a marketing communication, not a financial analysis. Accordingly, it may not comply with legal obligations requiring the impartiality of financial analysis or prohibiting trading prior to the publication of a financial analysis.
This document contains forward looking statements. Forward looking statements include, but are not limited to assumptions, estimates, projections, opinions, models and hypothetical performance analysis. No representation or warranty is made by DWS as to the reasonableness or completeness of such forward looking statements.
Past performance is no guarantee of future results.
The information contained in this document is obtained from sources believed to be reliable. DWS does not guarantee the accuracy, completeness or fairness of such information. All third-party data is copyrighted by and proprietary to the provider. DWS has no obligation to update, modify or amend this document or to otherwise notify he recipient in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.
Investments are subject to various risks. Detailed information on risks is contained in the relevant offering document.
No liability for any error or omission is accepted by DWS. Opinions and estimates may be changed without notice and involve a number of assumptions which may not prove valid.
DWS does not give taxation or legal advice. This document may not be reproduced or circulated without DWS’s written authority.
This document is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, including the United States, where such distribution, publication, availability or use would be contrary to law or regulation or which would subject DWS to any registration or licensing requirement within such jurisdiction not currently met within such jurisdiction. Persons into whose possession this document may come are required to inform themselves of, and to observe, such restrictions.
Shares of the fund are only available for certain non-U.S. persons in select transactions outside the United States, or, in limited circumstances, otherwise in transactions which are exempt in reliance on Regulation S from the registration requirements of the United States Securities Act of 1933, as amended, and such other laws as may be applicable. This document does not constitute an offer to subscribe for shares in the fund. It is directed at professional/sophisticated investors and is for their use and information. This document should not be provided to retail investors. The offering or sale of fund shares may be restricted in certain jurisdictions. For information regarding jurisdictions in which the funds are registered or passported, please contact your sales representative. Fund shares may be sold on a private placement basis depending on the jurisdiction. This document should not be used or distributed in any jurisdiction, other than those in which the funds are authorized, where authorization for distribution is required. DWS Distributors, Inc. is authorized by the fund to facilitate the distribution of shares in certain jurisdictions through dealers, referral agents, sub-distributors and other financial intermediaries. Any entity forwarding this material, which is produced by DWS Distributors, Inc. (or an authorized affiliate) in the United States, to other parties takes full responsibility for ensuring compliance with applicable securities laws in connection with its distribution.
The shares offered hereby have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any state and are being offered and sold in reliance on exemptions from the registration requirements of the Securities Act and such laws. Because the shares offered hereby are not registered under the Securities Act, or the securities laws of any state, the shares offered hereby are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act and applicable state securities laws pursuant to registration or exemption therefrom. Pursuant to the rules and restrictions of Regulation S promulgated under the Securities Act, (i) shares will not be offered and sold hereunder in the United States or to U.S. persons (other than distributors) unless the shares are registered under the Securities Act or another exemption is available and (ii) hedging transactions involving those shares may not be conducted unless in accordance with the Securities Act. Shares may be offered privately outside the United States or to or for the benefit of an investor that is not a U.S. Person only in accordance with relevant laws of the jurisdiction where the offer is made.
For investors in Chile: This product is being placed by means of a private offer commencing on [initial date of the offer] and it avails itself of the General Regulation No. 336 of the Superintendence of Securities and Insurances, currently the Financial Markets Commission. This offer relates to securities not registered with the Securities Registry or the Registry of Foreign Securities of the Commission for the Financial Markets Commission, and therefore such shares are not subject to oversight by the latter. Being unregistered securities, there is no obligation on the issuer to provide public information in Chile regarding such securities. These securities may not be subject to a public offer until they are registered in the corresponding Securities Registry.
Este producto es ofrecido como oferta privada empezando el [initial date of the offer] y está sujeta al ReglamentoGeneral No. 336 de la Superintendencia de Valores y Seguros (SVS), conocida como la Comisión de MercadosFinancieros (CMF). Esta oferta cubre aquellos instrumentos que no están registrados en el Registro de Valores o Registro deValores Extranjeros de la Comisión de Mercados Financieros (CMF), por lo tanto, dichas acciones no estánsujetas bajo la supervisión de la CMF. Debido a que no están registrados, el emisor no tiene la obligación de proporcionar información sobre dichosinstrumentos en Chile, los mismos no pueden ser ofrecidos bajo una oferta pública hasta que estén registradosen el Registro de Valores que corresponde.
For investors in Peru: The Superintendencia del Mercado de Valores (SMV) does not exercise any supervision over this Product and therefore the management of it. The information the issuer/fund provides to its investors and the other services it provides to them are the sole responsibility of the Administrator. This Prospectus is only for the exclusive use of institutional investors in Peru and is not for public distribution.
For investors in Argentina: Without limitation, this document does not constitute an offer, an invitation to offer or a recommendation to enter into any transaction neither does it constitute the offer of securities or funds. The offer of any services and/or securities or funds will be subject to appropriate local legislation and regulation.
For investors in Brazil: The shares in the Fund may not be offered or sold to the public in Brazil. Accordingly, the shares in the Fund have not been nor will be registered with the Brazilian Securities Commission – CVM nor have they been submitted to the foregoing agency for approval. Documents relating to the shares in the Fund, as well as the information contained therein, may not be supplied to the public in Brazil, as the offering of shares in the Fund is not a public offering of securities in Brazil, nor used in connection with any offer or subscription or sale of securities to the public in Brazil.
For Investors in Mexico: The fund has not been and will not be registered with the National Registry of Securities, maintained by the Mexican National Banking Commission and, as a result, may not be offered or sold publicly in Mexico. The fund and any underwriter or purchaser may offer and sell the fund in Mexico, to Institutional and Accredited Investors, on a private placement basis, pursuant to Article 8 of the Mexican Securities Market Law.
For investors in Colombia: Promotion and offering of products and services are done through the representative office of DWS Distributors, Inc in Colombia. This document does not constitute a public offer in the Republic of Colombia. Any offer of the fund is addressed to less than one hundred specifically identified investors. The fund may not be promoted or marketed in Colombia or to Colombian residents, unless such promotion and marketing is made in compliance with Decree 2555 of 2010 and other applicable rules and regulations related to the promotion of foreign funds in Colombia. The distribution of this Prospectus/Offering Document and the offering of Shares may be restricted in certain jurisdictions. The information contained in this Prospectus is for general guidance only, and it is the responsibility of any person or persons in possession of this Prospectus and wishing to make application for Shares to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction. Prospective applicants for Shares should inform themselves of any applicable legal requirements, exchange control regulations and applicable taxes in the countries of their respective citizenship, residence or domicile.
La promoción y oferta de productos y servicios se realizan a través de la oficina de representación de DWS Distributors, Inc en Colombia. Este documento no constituye una oferta pública en la República de Colombia. Cualquier oferta del fondo está dirigida a menos de cien inversores específicamente identificados. El fondo no puede ser promocionado o comercializado en Colombia ni a residentes colombianos, a menos que dicha promoción y comercialización se realice cumpliendo con el Decreto 2555 de 2010 y otras normas y regulaciones aplicables relacionadas con la promoción de fondos extranjeros en Colombia. La distribución de este Prospecto/Documento de Oferta y la oferta de Acciones pueden estar restringidas en ciertas jurisdicciones. La información contenida en este Prospecto es solo para orientación general, y es responsabilidad de cualquier persona o personas en posesión de este Prospecto y que deseen solicitar Acciones informarse y observar todas las leyes y regulaciones aplicables de cualquier jurisdicción relevante. Los posibles solicitantes de Acciones deben informarse sobre los requisitos legales aplicables, las regulaciones de control de cambios y los impuestos aplicables en los países de su respectiva ciudadanía, residencia o domicilio.
For investors in Uruguay: The sale of the Products qualifies as a private placement pursuant to section 2 of Uruguayan law 18,627. The Products must not be offered or sold to the public in Uruguay, except in circumstances which do not constitute a public offering or distribution under Uruguayan laws and regulations. The Products are not and will not be registered with the Financial Services Superintendency of the Central Bank of Uruguay.
For investors in Costa Rica: This is an individual and private offer which is made in Costa Rica upon reliance on an exemption from registration before the General Superintendency of Securities (“SUGEVAL”), pursuant to article 6 of the Regulations on the Public Offering of Securities (“Reglamento sobre Oferta Pública de Valores”). This information is confidential and is not to be reproduced or distributed to third parties as this is NOT a public offering of securities in Costa Rica. The product being offered is not intended for the Costa Rican public or market and neither is it registered or will be registered before the SUGEVAL, nor can it be traded in the secondary market.
For investors in the Dominican Republic: The information provided herein is for informative purposes only regarding possible private placements and does not constitute an offer to sell.
Important information – U.S.
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.
Past performance is not indicative of future returns. No assurance can be made that investment objectives will be achieved.
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.
© 2024 DWS Group GmbH & Co. KGaA. All rights reserved.
I-097252-4 (08/2024)
Institutional Investor
Please read the following Important Information and then click the appropriate option box below.
This Australian website is operated by DWS Investments Australia Limited ABN 52 074 599 401 (“DWS Australia”).
DWS Australia is a company incorporated under the laws of the Australian Capital Territory, Australia with its principal place of business in Australia at Level 16, 126 Phillip Street, Sydney, New South Wales 2000 Australia. DWS Australia is the holder of Australian Financial Services Licence No. 499640. DWS Australia is an asset management subsidiary of DWS Group GmbH & Co. KGaA (“DWS Group”).
DWS Australia is not an Authorised Deposit-taking Institution under the Banking Act 1959 nor regulated by APRA.
Your use of this Australian website (“website”) is subject to this Important Information, the Terms of Use, our Privacy Statement and any other terms, conditions, notices or disclaimers displayed on the website (Website Terms”). If you do not agree to these terms, then do not use this site.
By using the website you will be deemed to accept the Website Terms and agree to be bound by them.
Access to the information contained on this website is intended solely for persons in Australia who are wholesale clients as defined in section 761G of the Corporations Act and who are accessing this website from within Australia. If you are not resident in Australia, please do not use this website. You must not distribute or pass on information on this website, which is intended solely for wholesale clients, to any person who is not a wholesale client.
This website does not constitute an offer or solicitation and is not directed at you if DWS Australia is prohibited by any law of any jurisdiction from making the information on this website available to you and is not intended for any use that would be contrary to local law or regulation. No products and services mentioned on this website must be promoted in any jurisdiction where this would not be permitted.
This website is not aimed at any US Person (as defined by Regulation S of the US Securities Act 1933) and is not to be used by persons in the United States or US Persons. It does not constitute an offer to sell or solicitation of an offer to buy, or an invitation to subscribe for or buy securities in the United States. By accessing this website, you represent, warrant and agree that you are not a US Person, a resident of the US, currently located in the US or a person acting on account of a US Person.
This website does not constitute investment, legal or tax advice with respect to products or services and it is important that you do not rely on its content when making an investment decision. The information on this website is general information only and does not take into account your individual objectives, financial situation or needs. No recommendation or advice is being given as to whether any investment or strategy referred to on this website is suitable for you. You should obtain relevant and specific professional advice before making any decision to enter into an investment transaction. DWS Australia will not treat users of the website as its clients by virtue of them accessing it.
Past performance is not indicative of future results. The value of investment funds and the income therefrom may go down as well as up and you may not get back the original amount invested. Your capital could be at risk. Exchange rates may cause the value of overseas investments and the income therefrom to rise and fall. DWS Australia does not guarantee any particular rate or return, the performance of any investment or the repayment of capital from any investment.
DWS Australia does not represent that the information on this website, including any third party information, is accurate or complete and it should not be relied upon as such. Certain information contained on this website (including any forward-looking statements and economic and market information) has been obtained from published sources and/or prepared by third parties and may not be current. While such sources are believed to be reliable, DWS Australia, each of its officers, employees and affiliates do not assume any responsibility for the accuracy or completeness of such information. Any views or opinions expressed may not reflect those of DWS Australia, or any of its officers, employees and affiliates as a whole.
The information expressed on this website is subject to change without notice.
Your Use of the Website
You must NOT use the website (or permit or procure others to use it) as follows:
When using the website, you must comply with all applicable local, national and international laws and regulations, including those related to data privacy, international communications and exportation of technical or personal data. It may be illegal to download the information contained on the website in certain countries and we and our affiliated companies disclaim all responsibility if you download any information from the website in breach of any law or regulation of the country in which you reside.
We may, in our absolute discretion, and without any liability or giving any reason to you, terminate, suspend or restrict your access or use of part or all of the website if we consider that you have breached any of the Website Terms or if we otherwise consider it necessary in order for the proper functioning of the website.
All copyright and other intellectual property rights subsisting in this website (including all content on this website) is owned by DWS Australia or our affiliates or licensors. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website (including any content on the website) without the prior written permission of DWS Australia.
Nothing on this website should be construed as granting any licence or right in relation to any of our trademarks or those of our affiliated companies or any third party.
You grant to DWS Australia, a non-exclusive, irrevocable, perpetual, worldwide, royalty-free, transferable licence to use, reproduce, modify, adapt, publish or communicate to the public all information you provide to us for the reasonable purposes of our business and to permit third parties to do those things for us. You consent to any act or omission that would otherwise infringe any of your rights (including your moral rights) in information you provide to us.
You warrant that you have the right to grant the above licence, that our exercise of the licence rights will not infringe the rights (including intellectual property rights) of any person and does not breach any law.
The website, including information and materials contained in the website, text, graphics, software, links and other items are provided "as is" and/or "as available". DWS Australia does not warrant the accuracy, adequacy, completeness, timeliness or availability of the website, and expressly disclaims liability for errors or omissions in the website. To the maximum extent permitted by law, DWS Australia expressly disclaims any implied statutory guarantees and any express or implied warranties of any kind, including any warranties of merchantability, fitness for a particular purpose or non-infringement in conjunction with the website.
To the maximum extent permitted by law, DWS Australia and each of its officers, employees and affiliates, excludes all liability for any damages, including, without limitation, direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the website or use thereof or the inability by any party to use such website, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if DWS Australia, or representatives thereof, are advised of the possibility of such damages, losses or expenses. You release and discharge DWS Australia and each of its officers, employees and affiliates from and against any and all liabilities suffered or incurred by you as a result of your use of this website or any investment decision by any person made in reliance of any information sourced from this website.
Hypertext links to other internet websites or materials prepared by third-parties (’links’) are included as a convenience for our visitors. Certain hypertext links on the website may lead you to websites that are not under the control or charge of DWS Australia.
DWS Australia is not responsible and assumes no liability for the content of any linked websites and materials prepared by third-parties, including, without limitation, the accuracy, subject matter, quality or timeliness of the content of such linked external websites or materials. The fact that such links have been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with DWS Australia with respect to any linked website or material or their sponsor or author. There are risks in using any information, software or product accessed on the Internet and we urge you to make sure you understand these risks before doing so.
By entering this website, you acknowledge and agree that DWS may place cookies on the device via which you access the site. These cookies are either to give us anonymised data about your use of the website. This includes details such as the website from which you accessed our website, the duration of your visit and the pages you viewed. Such information, which will not include your name, helps us improve the performance and content of our websites. You can block or delete cookies from your computer - simply refer to the help function of your browser.
Any personal data which might be collected when visiting this website will be processed in accordance with applicable data protection law. DWS Australia is committed to maintaining the privacy of any personal data it holds about you and does so in accordance with the Australian Privacy Principles contained in the Privacy Act 1988. Please read our Privacy Policy to understand how your personal information will be treated when you use this website.
This website shall be governed by, and your browsing in and use of this website shall be deemed acceptance of, the laws of New South Wales, Australia. A condition of using this website is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the courts of New South Wales, Australia and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.
DWS Australia may revise the Website Terms at any time by publishing an updated version on the website. You are expected to check the Website Terms from time to time to take notice of any changes DWS Australia makes, as they are binding on you. If any provision of these Website Terms is deemed unlawful, void, or unenforceable, then that provision will be deemed severable from these Website Terms and will not affect the validity and enforceability of the remaining provisions.
Each time you use this website, you will be deemed to accept the then current Website Terms and agree to be bound by them.
CONFIRMATION
* I confirm I have read the Important Information set out above and accept its contents shall be governed by the laws of New South Wales, Australia.
* I confirm that I am a Wholesale Client that is resident in Australia and who is accessing this website from within Australia.
* I confirm that I am not a US Person, a resident of the US, currently located in the US or a person acting on account of a US Person.
* I accept and agree to be bound by the current Website Terms.