Citywire - For Professional Investors

Register to get unlimited access to all of Citywire’s fund manager database. Registration is free and only takes a minute.

Deutsche AM re-opens manager's top performing fund

Deutsche AM re-opens manager's top performing fund

Deutsche Asset Management has re-opened Citywire AA-rated Tim Albrecht’s German equity fund to investors 18 months after it made the move to slow flows into the regional strategy.

The German group announced restriction measures on the DWS Aktien Strategie Deutschland fund after it raced from €1.2 billion ($1.37 billion) to €3 billion ($3.44 billion) over a three month period.

According to company data, it has fallen back to €2.84 billion ($3.26 billion) in assets, which, coupled with improved liquidity conditions in the market, has allowed Deutsche AM to re-open it fully.

The firm has a version of the fund which is the most popular mutual fund among Chile's pension fund. In a recent interview with Albrecht revealed the recent changes he's made to its portfolio.

In a shareholder note, the company said there is especially renewed liquidity in the mid-cap section of the German equity market, which means the fund’s capacity limit now sits well above its current level.

The DWS Aktien Strategie Deutschland fund has been in operation since 1999 with Albrecht taking over from Henning Gebhardt in December 2016. This saw Gebhardt as its new chief investment officer.

On a three-year total return basis, the DWS Aktien Strategie Deutschland fund is the second best-performing out of the 64 dedicated German equity funds in the Citywire database.

Over the period to the end of May 2017, the fund returned 51% against an average manager return of 26.5% over the same timeframe.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Miami 2018: all the pics from day one

    Citywire Miami 2018: all the pics from day one

  • Selector soccer stars: all the photos from the Citywire Miami 2018 matches

    Selector soccer stars: all the photos from the Citywire Miami 2018 matches

  • Citywire New York 2017: All the pics from our fund selector forum

    Citywire New York 2017: All the pics from our fund selector forum

  • Citywire Latin America 2017: check out the pics from day two

    Citywire Latin America 2017: check out the pics from day two

  • Citywire Latin America 2017: all the pictures from day one

    Citywire Latin America 2017: all the pictures from day one

  • Citywire Santiago 2017: all the pics from our fund selector forum

    Citywire Santiago 2017: all the pics from our fund selector forum

  • Citywire Mexico 2017: all the pics from our fund selector forum

    Citywire Mexico 2017: all the pics from our fund selector forum

  • Citywire Miami 2017: all the photos from day one

    Citywire Miami 2017: all the photos from day one

  • Citywire Miami 2018: all the photos from day two

    Citywire Miami 2018: all the photos from day two

  • Citywire Miami 2017: all the pics from our fund selector forum

    Citywire Miami 2017: all the pics from our fund selector forum

  • Wine tasting at the Ritz Carlton Santiago

    Wine tasting at the Ritz Carlton Santiago