Thu, 05/06/2014 - 14:09
Deutsche Asset & Wealth Management (DeAWM) has launched the DWS CROCI Sector Opportunities Fund, its third US mutual fund to be based on Deutsche Bank's Cash Return On Capital Invested (CROCI) methodology.
"This innovative addition to the CROCI platform offers investors a compelling and unique opportunity to gain exposure to undervalued, large-cap equities based on our proprietary stock-valuation methodology,” says Joe Hall, head of CROCI in the Americas. "This product is yet another example of Deutsche Asset & Wealth Management's ability to create high-quality, systematic investment strategies for our clients who are seeking to capture the returns of 'real' value in the market."
The fund leverages Deutsche Bank's proprietary stock-valuation methodology, CROCI, to select approximately 30 stocks from the S&P 500 Index, STOXX Europe Large 200 Index and TOPIX 100 Index. CROCI is a fundamentally-driven process which seeks to improve stock selection and enhance portfolio management by identifying the "real" value in the market, based on CROCI Economic P/E. In this fund, CROCI selects the three sectors with the lowest, median trailing 12-month Economic P/E. From each sector, it selects 10 stocks with the lowest positive trailing 12-month Economic P/E, resulting in a portfolio of 30 stocks, rebalanced quarterly.
The fund is managed by Di Kumble, senior portfolio manager and head of tax managed equities for Deutsche Asset & Wealth Management. The CROCI team is made up of approximately 60 professionals covering 800 companies from around the world. Approximately USD13.2 billion are invested globally in CROCI strategies as of April 2014, with nearly USD2.5 billion in the US.
DWS CROCI Sector Opportunities Fund is a registered mutual fund under the Investment Company Act of 1940. Deutsche Investment Management Americas (DIMA) is the fund's investment advisor and DWS Investments Distributors is the fund's distributor.
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