Important security note: Warning of attempted fraud in the name of DWS
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, and WhatsApp groups. 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.
11/12/2024
DWS Group announced today that it will bring together its Portfolio Management, Chief Investment Office and Economic Research units under the leadership of Vincenzo Vedda. As part of this change, Vedda, who is currently Global Head of Portfolio Management – Public Markets and is responsible for the Group's entire liquid portfolio management, will also assume the role of Global Chief Investment Officer (CIO). He will continue to report to CEO Stefan Hoops. Björn Jesch, former Global CIO of DWS, has decided to leave the company by mutual agreement. Johannes Mueller, previously Head of Economic and Thought Leadership Research, will become Chief Economist of the Group. He will report to Vincenzo Vedda.
“Combining our Chief Investment Office with our Global Portfolio Management unit is a logical step to make even better use of our investment expertise for our clients,” said Stefan Hoops, CEO of DWS, who is also responsible for the Investment Division on the Executive Board level. “In Vincenzo, an experienced capital market expert is taking on this task. As well as his extensive experience in leading our portfolio management unit, he deeply understands our clients’ needs. We would also like to express our sincere gratitude to Björn, who is an expert and strong communicator on international capital markets, close to our clients, and a great colleague. We wish him all the best for his professional and personal future."
Vincenzo Vedda has been with DWS since 2013, initially sharing responsibility for Global Equities Trading, before taking over as head of DWS's global trading in 2017. After taking responsibility for DWS's European client business (ex-Germany and Austria) and global wholesale business in 2020, he became head of DWS's Active Portfolio Management at the end of 2022 and assumed responsibility for Passive Portfolio Management in 2023. Björn Jesch joined DWS in 2020 as Head of Multi Asset & Solutions, before becoming Global Chief Investment Officer at the end of 2022. He is also resigning from his role as CEO of DWS CH AG in Zurich, Switzerland. A successor for this role will be announced shortly.
DWS Group (DWS) with EUR 963bn of assets under management (as of 30 September 2024) aspires to be one of the world's leading asset managers. 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, and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes. Our diverse expertise in Active, Passive and Alternatives asset management 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, giving strategic guidance to our investment approach.
DWS wants to innovate and shape the future of investing. We understand that, both as a corporation as well as a trusted advisor to our clients, we have an important role in helping to navigate the transition to a more sustainable future. With approximately 4,700 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can meet with their investment objectives. With our entrepreneurial, collaborative spirit, we aim to deliver outstanding investment results and to build the best foundation for our clients’ financial future.
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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.
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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.
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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 investments.
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.
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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.
R-070495-4 (7/25)
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