The new fund-of-funds, with assets invested in a combination of underlying DWS funds, as well as other securities and derivative instruments, will give shareholders access to non-traditional asset categories and investment strategies such as market neutral, inflation-protection, commodities, real estate and emerging markets assets, a DWS press release said. Class A, C, S and Institutional shares will be offered through intermediary advisers and institutions.
According to the news release, the underlying funds will include:
- DWS Commodity Securities Fund
- DWS Disciplined Market Neutral Fund
- DWS Emerging Markets Equity Fund
- DWS Emerging Markets Fixed Income Fund
- DWS Gold & Precious Metals Fund
- DWS Inflation Protected Plus Fund, and
- DWS RREEF Global Real Estate Securities Fund.
“It offers the potential for adding return and minimizing risk through investing in a diversified set of asset classes that are largely uncorrelated to the core US equity and bond markets. This is a one-stop, accessible solution to diversify into alternatives, which can benefit investors during various market cycles,” said Philipp Hensler, CEO & Chairman of DWS Scudder Distributors Inc., in the news release.
The fund is quantitatively managed by Deutsche Asset Management’s (DeAM) Quantitative Strategies Group. It will employ the use of DeAM’s integrated Global Portable Alpha strategy, iGAP when fund assets reach $50 million.
For more information, go to www.cef.dws-scudder.com .