For the first time, DWS has announced it will apply ESG criteria to money market funds managed in EMEA.

Under the changes, the DWS Institutional ESG Euro Money Market Fund and DWS Institutional ESG USD Money Market Fund will immediately adapt DWS’s ESG criteria. The DWS Euro Money Market Fund will be managed in the same way but will have ESG added to its name next spring.

The DWS money market funds were renamed in order to meet new reform requirements (details see table below). This fundamental change occurs in line with the EU Money Market Fund Reform, which was set in place to improve quality and security of money market funds.

Harm Carstens, Co-Head Short Duration Portfolio Management, EMEA, at DWS explained: “The ESG money market funds universe is still at an early stage and we are pleased to announce these latest advancements. DWS ESG money market funds aim to cater to investors’ increasing demands for sustainable investment vehicles in the money market space.”

He added: “These adjustments mean that non-financial aspects relating to ESG will play a stronger role in the fundamental analysis and portfolio allocation by investors, alongside the traditional financial considerations.”

DWS ESG standards include a set of sector exclusions, norm screens and best-in class rankings. To comply with the new ESG standards no changes in the portfolio allocations were necessary as the ESG quality was already high in DWS money market funds. In September 2018 DWS launched the first money market fund available in the US to apply ESG (Environmental, Social and Governance) criteria, the DWS ESG Liquidity Fund.

For further information please contact:

Adib Sisani
+49 69 / 910 61960
adib.sisani@dws.com

Claus Gruber
+49 69 / 910 14381
claus.gruber@dws.com

About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 719bn of assets under management (as of 30 June 2019). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.

DWS wants to innovate and shape the future of investing: with approximately 3,600 employees in offices all over the world, we are local while being one global team.

Fund Name

DWS Institutional ESG Euro Money Market Fund

DWS Institutional ESG USD Money Market Fund

DWS Euro Money Market Fund

Former name

Deutsche Institutional Money plus

Deutsche Institutional USD Money plus

DWS Rendite Optima Four Seasons

Description

Euro VNAV money market fund with a conservative investment focus. Sustainable investment criteria (ESG) are considered.      

USD VNAV money market fund with a conservative investment focus. Sustainable investment criteria (ESG) are considered.      

Euro VNAV money market fund with a conservative investment focus and a distribution on an annual basis. Sustainable investment criteria (ESG) are considered.      

Investment Horizon

0-3 M

0-3 M

0-3 M

Net Portfolio Yield

-0.40% p.a.

2.40% p.a.

-0.40% p.a.

Rating (average)

A-

A-

A-

Settlement

T+1

T+1

T+2

Duration (WAM)

37 days

31 days

35 days

Maturity (WAL)

150 days

217 days

149 days

Min. investment amount

500,000 EUR

500,000 USD

-

Fund Volume

EUR 3,307mn.

USD 78mn.

EUR 3,113mn.

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CIO View

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