DWS stands in solidarity with the people of Ukraine. The development of the last week marks a sad turning point in Europe, where freedom has been the cornerstone of collective prosperity over decades. This war of aggression has not only undermined trust between the Russian government and the Western world, but will also permanently change Europe’s security architecture, energy policy, and create significant volatility.

As a fiduciary global firm, we have the responsibility to address challenges in the market in addition to sharing in the responsibility of the moment.

Given the current situation, the mutual funds actively managed by DWS will no longer make new investments into Russian securities until further notice. Furthermore, in coordination with fund boards, we will suspend the subscription of new shares in mutual funds with significant Russian exposure and manage existing Russian exposure on behalf of our clients in line with the individual funds investment policy and our fiduciary commitment.

We will, of course, also implement any sanctions imposed by the EU, UK and the United States on Russian entities.

For further information please contact:

Sabina Díaz Duque
+49 69 / 910 14177
sabina.diaz-duque@dws.com

Reimar Salzmann
+49 69 / 910 14191
Reimar.salzmann@dws.com

Jörg E. Jäger
+49 69 / 910 45925
joerg-e.jaeger@dws.com

About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 928bn of assets under management (as of 31 December 2021). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is 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 investment approach strategically.

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. We are investors – entrusted to build the best foundation for our clients’ future.