Deutsche Invest I Global Emerging Markets Equities
Transcription
Deutsche Invest I Global Emerging Markets Equities
Deutsche Invest I Global Emerging Markets Equities Equity Funds - Emerging Markets April 2015 Fund Data Investment Policy As at 30/04/2015 Performance Performance - Share Class LC(EUR) (in %) The investment objective of Deutsche Invest I Global Emerging Markets Equities is to achieve an above-average return. At least 70% of Sub-fund assets are invested in equities of companies domiciled in an emerging market or having their principal business activities in emerging markets or which, as holding companies, primarily hold interests in companies domiciled in an emerging market. The principal business activity of a company is attributed to the emerging markets if the company generates a significant portion of its earnings or revenues there. Fund Fund Management's Comment For a detailed monthly commentary please see the Flagship Fund Reporting (www.dws.com). Benchmark* *Benchmark: MSCI Emerging Markets TR Net ab 27.5.13 (vorher MSCI BRIC) (RI) Calculation of performance is based on the time-weighted return and excludes front-end fees. Individual costs such as fees, commissions and other charges have not been included in this presentation and would have an adverse impact on returns if they were included. Past performance is not a reliable indicator of future returns. Cumulative Performance (in %) - Share Class LC(EUR) 1m 1y 3y 5 y s. Launch Ytd. 3yØ EUR BM IN EUR 22.5 19.7 6.4 8.2 5.1 3.2 37.5 33.4 20.4 26.7 4.7 19.8 120.9 234.2 5yØ 2011 2012 2013 2014 0.9 3.7 -24.0 -20.3 4.9 12.2 -8.7 -7.3 10.0 11.0 Further Characteristics (3 years) - Share Class LC(EUR) Volatility 13.27% Sharpe Ratio Alpha 0.46 -2.45% Maximum Drawdown -15.61% Information Ratio -0.47 Beta 1.09 5.52% VAR (99%/10 days) Correlation Coefficient Tracking Error 0.97 3.63% Portfolio Analysis Breakdown by Sector (Equities) (in % of fundvolume) Portfolio Breakdown according to MSCI Morningstar Style-Box™ Market Capitalization Financials Information Technology Consumer Discretionary Telecommunication Serv. Consumer Staples Energy Materials Industrials Utilities Not classified to MSCI 32.1 25.6 8.7 7.4 6.0 4.1 3.6 2.9 1.7 0.1 Large Small Growth Blend Investment Style Morningstar Category™ Global Emerging Markets Equity Ratings FERI Fund Rating: Lipper Leaders: Page 1 / 3 (in % of fundvolume) Taiwan Semiconductor Manufacturing Co Ltd (Info 5.0 Samsung Electronics Co Ltd (Information Technol 4.7 Tencent Holdings Ltd (Information Technology) 3.2 Industrial & Commercial Bank of China Ltd (Financ 2.8 China Construction Bank Corp (Financials) 2.8 China Mobile Ltd (Telecommunication Serv.) 2.6 PetroChina Co Ltd (Energy) 2.2 Ping An Insurance Group Co (Financials) 2.1 China Overseas Land & Investment Ltd (Financial 1.9 Itau Unibanco Holding SA (Financials) 1.9 Total Mid Value Principal Holdings (Equities) (As at: 31/03/2015) (E) 29.2 Gross weighting, not adjusted for any positions in derivatives. Gross weighting, not adjusted for any positions in derivatives and certificates. Breakdown by Country (Equities) Investment Ratio (in % of fundvolume) China Korea Taiwan India Brazil South Africa Philippines Mexico Indonesia Cayman Islands Russia Other Countries Gross weighting, not adjusted for any positions in derivatives. 25.0 17.1 14.0 8.5 7.2 4.9 3.4 2.9 2.6 2.6 1.8 2.2 Equities Investment funds Cash and other assets (in % of fundvolume) 92.2 1.9 5.9 Deutsche Invest I Global Emerging Markets Equities Equity Funds - Emerging Markets April 2015 As at 30/04/2015 Portfolio Analysis Breakdown by Currency (in % of fundvolume) Hong Kong dollar South Korean won United States dollar Taiwan dollar - new Indian rupee Euro South African rand Brasilian real Philippines pesos Indonesian rupiah Other Currencies Market Capitalization 24.6 17.0 12.2 11.2 8.7 6.2 4.9 4.7 3.4 2.6 4.5 (in % of fundvolume) Super large caps (> 10 bn.) Large caps (> 5 bn. < 10 bn.) Mid caps (> 1 bn. < 5 bn.) Others Incl. forward exchange transactions, negative and positive figures reflect expected currency developments. 74.2 10.3 7.6 0.1 Gross weighting, not adjusted for any positions in derivatives. The calculation is based on Euro. Key Figures regarding the Fund's Assets Number of Shares 84 Cumulative Performance (in %) 1m 1y 3y Dividend Yield (in %) 5y s. Launch 4.6 Ø Market Cap Ytd. 3yØ 5yØ 2011 49,430.4 Mio. EUR 2012 2013 2014 FC(EUR) 5.2 38.5 23.1 8.7 139.5 22.8 7.2 1.7 -23.4 5.7 -8.0 10.9 LC(EUR) 5.1 37.5 20.4 4.7 120.9 22.5 6.4 0.9 -24.0 4.9 -8.7 10.0 LD(EUR) 5.1 37.5 20.4 4.6 120.8 22.5 6.4 0.9 -24.0 4.9 -8.7 10.0 NC(EUR) 5.1 36.5 17.9 1.1 105.3 22.2 5.6 0.2 -24.5 4.1 -9.3 9.3 USD FC(USD) 9.2 11.6 4.4 -8.4 11.6 12.4 1.4 -1.7 -25.3 7.8 -4.1 -1.9 USD LC(USD) 9.2 10.4 1.2 -12.7 7.9 12.1 0.4 -2.7 -25.9 6.8 -4.7 -3.0 Fund Data Portfolio Manager Andrew Beal Sean Taylor Portfolio Manager since 26/05/2014 Portfolio Management Company Deutsche Asset Management (UK) Limited, (London) Portfolio Management Location United Kingdom Management Company DWS Investment S.A. Legal Structure Assets 784.3 Mio. EUR Fund Currency EUR Launch Date 29/03/2005 Fiscal Year End 31/12/2015 Investor profile Risk-tolerant SICAV Custodian State Street Bank, Lux. Share Classes Share Class Cur. ISIN Code German Sec. Code Earnings Front-end Load ¹ Issue Price up to Redemption Price Interim Gains Management Fee Running costs plus performancerelated fee Minimum Investment Amount FC EUR LU0210302369 A0D P7S Accumulation 0.00% 239.51 239.51 0.00 0.750% 0.88% -- 400,000 LC EUR LU0210301635 A0D P7P Accumulation 5.00% 232.56 220.94 0.00 1.500% 1.63% -- -- LD EUR LU0210302013 A0D P7Q Distribution 5.00% 224.51 213.29 0.00 1.500% 1.63% -- -- NC EUR LU0210302286 A0D P7R Accumulation 3.00% 211.67 205.32 0.00 2.000% 2.33% -- -- USD FC USD LU0273227354 DWS 0A3 Accumulation 0.00% 111.62 111.62 0.00 0.750% 0.88% -- 400,000 USD LC USD LU0273227784 DWS 0A2 Accumulation 5.00% 113.62 107.94 0.00 1.500% 1.63% -- -- Address Deutsche Asset & Wealth Management Investment GmbH Mainzer Landstraße 178-190 60327 Frankfurt am Main Tel.: +49 (0) 69 / 910 - 12371 Fax: +49 (0) 69 / 910 - 19090 Internet: www.dws.com E-Mail: [email protected] Page 2 / 3 Note 1 Based on the gross investment. Because of its composition or the techniques used by its managers, the fund features a high level of volatility. In other words, unit prices may fluctuate significantly in either direction within short periods of time. Please note that not all share classes and subfunds respectively are registered in every country. Units issued by DWS Invest SICAV may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Figures subject to audit. The current sales prospectus which is legally binding for the purchase of fund units is available from your financial consultant or DWS. The sales prospectus contains detailed information about risk. Evaluations made in this report may change at any time whithout prior announcement. These statements are based on our assessment of the current legal and tax information. Legal Disclaimer Opportunities Risks • Equity funds: market, sector and company-specific price increases • Bond funds: decline in yields or price increases on the bond markets and/or a decrease in spreads on higher-interest securities • Currency-exchange gains, if applicable • Equity funds: market, sector and company-specific price decreases • Bond funds: increase in yields or price decreases on the bond markets and/or an increase in spreads on higher-interest securities • Country risk, issuer, counterparty creditworthiness and default risk • Use of derivative financial instruments, if applicable • Currency-exchange risks, if applicable • The unit price may at any time fall below the purchase price at which the customer acquired the unit. Investor profile: Risk-tolerant The Fund is intended for the risk-tolerant investor who, in seeking investments that offer targeted opportunities to maximize returns, can tolerate the unavoidable, and occasionally substaintial, fluctuations in the values of speculative investments. The high risks from volatility, as well as high credit risks, make it probable that the fund will lose value from time to time, and expectations of high returns and tolerance of risk are offset by the possibility of incurring significant losses of capital invested. Lipper Leaders © 2015 Lipper - a Thomson Reuters Company. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Neither Lipper, other members of the Thomson Reuters group, nor its data providers shall be liable for any errors or delays in the content or for any actions taken in reliance thereon. Lipper performance rankings are calculated using data available at the time of calculation and may not represent all the funds tracked by Lipper. The presentation of performance data does not constitute a recommendation to buy or sell a fund or an investment recommendation for a specific market segment. Lipper analyzes the past performance of funds. Past results are no guarantee for the future performance of an investment fund. Lipper and the Lipper logo are registered trademarks of Thomson Reuters. Lipper Leaders Rating System - Ratings from 1 (lowest) to 5 (highest) First digit = Total Return; second digit = Consistent Return; third digit = Preservation; fourth digit = Expense Important Notice When the custodian sets the price on the last trading day of the month there can be a difference of up to ten hours between the times at which the fund price and the benchmark are calculated. In the event of strong market movements during this period, this may result in the over- or understatement of the Fund's performance relative to the benchmark at the end of the month (this is referred to as the "pricing effect"). The information in this document does not constitute investment advice and is only a brief summary of key aspects of the Fund. Full details of the Fund can be found in the Key Investor Information Document and the Prospectus, as supplemented by the latest audited annual report and the latest semi-annual report, if this report is more recent than the last annual report. These documents constitute the sole binding basis for the purchase. They are available free of charge in electronic or printed format from your advisor, DWS Investment GmbH, Mainzer Landstraße 178-190, D 60327 Frankfurt/Main and, for Luxembourg funds, from DWS Investment S.A., 2, Boulevard Konrad Adenauer, L-1115 Luxembourg. Any views expressed reflect the current assessment of DWS Investments, which may change without notice. Where information contained in this document derives from third parties, DWS Investments accepts no liability for the accuracy, completeness or adequacy of such data, although DWS Investments only uses data that it deems to be reliable. The gross performance (BVI method) includes all costs incurred at the fund level (e.g. management fee), the net performance also includes the sales charge; additional costs may be incurred at the investor level (e.g. custody costs), which are not included in the presentation. Past performance is not a reliable indicator of future performance. Further information on taxation can be found in the Prospectus. The units issued under this Fund may only be offered for sale or sold in jurisdictions in which such offer or sales is permitted. The units of this Fund may not be offered for sale or sold in the US nor for account of US citizens nor to US citizens resident in the US. This document and the information contained therein may not be distributed in the US. The distribution and publication of this document and the offer or sale of units may also be subject to restrictions in other jurisdictions.