Fund assets of DWS Invest Top Euroland break EUR1bn barrier
Assets under management for the DWS Invest Top Euroland fund have surpassed EUR1bn in recent days.
In 2013 alone, investors have committed around EUR500m to the Euroland equity fund.
The DWS Invest Top Euroland, managed by Britta Weidenbach, is a in the top quartile of its investment sector. In 2013 the fund generated growth of 26.7 per cent placing it some five percentage points ahead of its reference index, the Euro Stoxx 50.
Investors, who have been in the fund for five years, can now reflect on 98.2 per cent growth, equivalent to 14.7 per cent annually.
By comparison, during the same period, the Euro Stoxx 50 achieved growth of 49.8 per cent, or 8.4 per cent per year. Last year Morningstar awarded the fund its highest five star ranking.
The fund invests in high-growth Euroland companies, focusing particularly on those which have high market capitalisation. Depending on market conditions, it includes promising second-tier stocks.
Due to high demand from investors, a US-dollar hedged version of the DWS Invest Top Euroland has been launched. This is targeted at investors who wish to invest in the Eurozone, but who are wary of the Euro currency risk.
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