Investing in Equities

DWS is one of the leading asset manager globally with a broad range of actively managed equity funds.

Global team of more than 200

research & investment professionals [1]

21 funds with 4&5

Morningstar stars [2]

Research universe more than 1,750

issuers

Use of the share price potential of equities

At the core of our active investment philosophy and invstment process lies our belief that capital markets are not entirely efficient: not all publicly available information is correctly considered by the market all the time. Market valuations at a given point in time merely reflect the balance of the market participants’ expectations – but not necessarily all relevant that is actually available. With our own comprehensive research, we identify the most important factors for market prices and spot inefficiencies in the market. These factors comprise financial as well as non-financial aspects (e.g. ESG factors, carbon footprint and reputational risks/exclusions).

On this basis, we uncover investment opportunities which we profitably exploit for our funds. We ensure this through disciplined, clear and yet flexible investment and decision-making processes. This process is centered on the timely recognition of investment themes and trends and the resulting selection of securities with above average share price potential. Our team structure, and the fact that each fund is managed by one portfolio manager, ensures clear accountability for research as well as on the portfolio construction. The results are constantly reviewed by our integrated portfolio monitoring and risk management process.

With our own comprehensive research, we identify the most important factors for market prices and spot inefficiencies in the market.

Our beliefs

Active Portfolio Management
  • Capital market inefficiencies offer opportunities for alpha
Proprietary fundamental research
  • Proprietary research capabilities form the foundation for an information advantage
  • A truly global and interactive network of investment professionals can leverage information more effectively
  • Efficient integration and centralized access to all in-house research (e.g., micro, macro, and ESG) facilitates the creation of alpha ideas
Consistent investment process
  • A uniform framework and clear accountability at each step of the process ensure quality decision making for all clients
  • Continuous quality management protects and promotes further development of high-quality investment standards.
Our mission
  • We want to be a leading active investor, who delivers alpha to our clients by leveraging our investment talent  using our quantitative and fundamental approach, to capitalize on market inefficiencies in a responsible manner.

Our primary mission is to be the partner of choice for our clients and to help them fulfil their financial objectives by following and implementing their investment beliefs as well as their stewardship responsibilities. Within DWS we manage multiple strategies for our clients to meet their varied investment objectives. Our aim is to ensure that, to the best extent possible, these strategies are managed according to a common mission and philosophy. Our goal is to deliver strategies to our clients that preserve and enhance risk adjusted returns.

Our strengths in equity investments

Equity Strategies

With our equity strategies, we cover almost all global regions with different investment styles.

Global

Global Equities Blend

Qualitative and quantitative criteria are analysed for this bottom up, stock picking strategy. These are: sustainability of business model, quality of management, organic growth, balance sheet and accounting model, valuation. Benchmark is the MSCI World (NDR) in Euro. 

Global Equity Income

Our Global equity income strategy is focusing on companies with above average dividend yield, reasonable dividend growth and sustainable dividend coverage. For that reason this stock picking strategy is especially searching for quality stocks with strong balance sheet and free cash flow, low net debt and good credit rating.

ESG Global Equity Income

Our Global ESG equity income strategy focusing on companies with excellent ESG criteria, (link to: https://dws.com/solutions/esg/ ) above average dividend yield, reasonable dividend growth and sustainable dividend coverage.

Europe

The investment process of the Infrastructure team uses leading discounted cash flow methods and strict quality assessments. This allows the full audit of companies, industries, regions and capital markets.

  • Global
  • International (ex USA)
  • Regional, including US, Asia, Australia and Europe

Germany

German Equities

German equity strategy focusing on firms sustainable business models and strong balance sheets. The investment universe consist of CDAX large cap companies with flexible addition of high quality small/mid caps.

Emerging Markets

Asian Equities

Flexible “Best of Asia Pacific” concept, combining strategy with stock selection with the aim to find the best equities in the Asia Pacific region. It is an all cap approach with focus on large caps. The investment universe mainly consists of companies within the branches consumption and infrastructure. The companies should have a good market position, high growth prospects in the long run and convince the quality of both management and balance sheet ratios. The concrete selection follows a comprehensive fundamental analysis.

Small Caps

European Small & Mid Cap Equities

Small and medium-sized companies are often more innovative and offer greater potential for alpha generation. This is what this stock picking strategy focuses on, looking for growth stocks in the small and mid-cap segment. The selection criteria are quality, structural growth and positive earnings momentum. Derivatives are used to manage risks and liquidity.

European Small Cap Equities

The strategy focuses on growth stocks, but mainly in the small cap segment. The benchmark is the STOXX Europe Small 200 TR Net. Important for the investment decision is an efficient, holistic and detailed analysis of information.

German Small & Mid Cap Equities

The efficient, comprehensive and detailed analysis of the available information is the recipe for success for this strategy. Small and mid-cap companies are selected that meet one of the following criteria: structural growth prospects, positive surprise in profit, attractive valuation.

Fixed Income

Investments in actively managed Fixed Income portfolios is one of our key businesses. Every customer group will find a variety of possibilities.

Read more

Investing in Multi Asset

With Multi Asset we are leveraging capabilities across our global investment platform – for the benefit of our customers.

Read more

Systematic & Quantitative Investments

We believe the foundation of long-term investment success is a systematic and disciplined investment process combined with strong risk management capabilities.

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1. Investment professionals are defined as employees (FTE) whose primary role contributes to the performance of Deutsche AM investments (as of Dec 31, 2017)

2. Morningstar (as of March 31, 2019); Copyright © 2019 Morningstar Inc. All Rights Reserved. The information contained herein: (a) is proprietary to Morningstar; (b) may not be copied or distributed; and (c) 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.

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