Global Natural Resources Fund Combines
Strength of DWS’ Xtrackers Platform and Liquid Real Assets
Expertise
DWS, one of the world's leading asset managers, announced today
the listing of its first actively-managed exchange-traded fund
(ETF), the Xtrackers RREEF Global Natural Resources ETF (NASDAQ:
NRES) (the “Fund”). The Fund is designed to provide
investors with exposure to global natural resources (GNR) companies
primarily through investments in equity and equity related
securities. The Fund seeks total return from both capital
appreciation and current income and, as an actively managed ETF,
does not seek to replicate the performance of a specific index.
For DWS, this listing marks its entry into the fast-growing
actively managed ETF market in the US1. “More and more investors
are recognizing the advantages of this form of investment. Active
strategies can adapt to a wide range of market conditions,
especially in times of great uncertainty,” says Arne Noack, Head of
Systemic Investment Solutions, Americas. “Adding the actively
managed Xtrackers RREEF Global Natural Resources ETF to our range
of US-listed ETFs, combines two of DWS’ global core competencies
and expands the range of best-in-class specialty investment
solutions, while leveraging the liquidity, cost efficiency,
transparency, and potential tax benefits of the ETF structure.”
The Fund seeks to identify and capitalize on opportunities
across a variety of resources subsectors including metals, energy,
agriculture, paper & forestry. The Fund will be managed by
seasoned DWS ETF portfolio managers based on a target allocation
provided by DWS Liquid Real Assets (LRA) portfolio managers Avi
Feinberg, Darwei Kung, and John Vojticek. The Fund’s target
allocation is continuously reviewed by the LRA portfolio management
team and adjusted as necessary.
“During the post-COVID inflationary cycle, investor portfolios
were under-allocated to inflation-resilient assets. Because
government deficits and debts have continued to expand, we believe
natural resource equities provide a timely opportunity to protect
capital in a prolonged period of gentle or minor price increases,”
noted John Vojticek, Head of Liquid Real Assets.
At a time when powerful forces including a growing global
population, supply constraints, and
deglobalization are pressuring commodity prices upward, DWS
believes global natural resources can provide strategic
diversification to client portfolios. Our DWS market insights
reveal that resource companies broadly have strong balance sheets,
generate healthy free cash flow, and can continue to return capital
to shareholders via dividends and share buybacks.
The S&P Global Natural Resource Index includes 90 of the
largest publicly-traded companies in natural resources and
commodities businesses that meet specific investability
requirements, offering investors diversified and investable equity
exposure across three primary commodity-related sectors:
agribusiness, energy, and metals & mining, with a market
capitalization of $4 trillion. By comparison, the tech giant
Microsoft alone has a market cap of around $3 trillion. To succeed
in the GNR space it is crucial to understand how strategic themes,
commodity-price cycles and linkages across sectors, and management
incentives converge to create investment opportunities. For
example, copper production growth will likely depend on the pace of
electric vehicle adoption, the cost of substitutes such as gasoline
or aluminum, copper companies’ cost of capital, government policies
that impact the access to reserves and cost of production, etc.
Base metals & mining companies would be poised to harness a
trend of growing demand vs. challenges to develop new supplies.
“With the launch of Xtrackers RREEF Global Natural Resources
ETF, we are connecting the dots of our firm’s global capabilities
to present the “best of DWS” to the market in an area thoughtfully
selected to provide investors with our expertise in both
alternative investing and ETF management. As an actively managed
ETF in the GNR segment, we believe the Fund provides an innovative,
specialized, and differentiated investment solution in a
competitive environment,“ said Henry Wu, Head of Xtrackers Products
US. DWS' robust Alternatives platform has a 50-year history of
active investing for institutional, corporate, and sovereign
clients worldwide. With $120 billion in assets under management as
of September 30th, 2023, DWS is one of the world's leading
fiduciary managers for alternative investments. Of this amount, $28
billion was invested in Liquid Real Assets (LRA) strategies with
active track records dating back to 1993.
Within this investment universe there is tremendous dispersion,
which requires special expertise. “For specific asset classes and
sub-asset classes, it is clear that managers with experienced teams
and proven processes are best positioned to identify investment
opportunities,” says Amanda Rebello, Head of Xtrackers Sales, US
Onshore. The Fund’s US-based LRA portfolio managers cover both
commodities and GNR equities. With comprehensive expertise in both
asset classes, DWS has the research depth and competitive advantage
to add value for investors.”
The Fund is competitively priced with net/gross expense ratios
of 0.45%.
As of February 16, 2024, the Xtrackers U.S. product suite has
$20.5 billion USD in assets under management.2 Since January 2023,
Xtrackers by DWS has launched 8 ETFs and has plans to continue to
approach the market with innovative, cost disruptive strategies
that give investors building blocks to various types of
exposures.
To learn more about Xtrackers ETFs available in the U.S., please
visit www.etf.dws.com/en-us/etf-products/.
Note to Editors: Xtrackers’ Global Business
Globally, Xtrackers by DWS is a large and established provider
of high-quality exchange traded funds (ETFs) and exchange traded
commodities (ETCs). Providing efficient “passive” exposure to
diversified indices or to single commodities, Xtrackers ETFs and
ETCs provide a comprehensive set of dependable investment tools for
effective portfolio allocation.
Xtrackers are listed on seven stock exchanges globally and have
approximately $167 billion in assets under management as of
February 16, 2024, making Xtrackers one of the largest providers of
ETFs and ETCs by AUM.2
About DWS Group
DWS Group (DWS) with EUR 896bn of assets under management (as of
December 31, 2023) aspires to be one of the world's leading asset
managers. Building on more than 60 years of experience, it has a
reputation for excellence in Germany, Europe, the Americas and
Asia. DWS is recognized by clients globally as a trusted source for
integrated investment solutions, stability and innovation across a
full spectrum of investment disciplines.
We offer individuals and institutions access to our strong
investment capabilities across all major liquid and illiquid asset
classes as well as solutions aligned to growth trends. Our diverse
expertise in Active, Passive and Alternatives asset management
complement each other when creating targeted solutions for our
clients. Our expertise and on-the-ground knowledge of our
economists, research analysts and investment professionals are
brought together in one consistent global CIO View, giving
strategic guidance to our investment approach.
DWS wants to innovate and shape the future of investing. We
understand that, both as a corporate as well as a trusted advisor
to our clients, we have a crucial role in helping navigate the
transition to a more sustainable future. With approximately 4,500
employees in offices all over the world, we are local while being
one global team. We are committed to acting on behalf of our
clients and investing with their best interests at heart so that
they can reach their financial goals, no matter what the future
holds. With our entrepreneurial, collaborative spirit, we work
every day to deliver outstanding investment results, in both good
and challenging times, to build the best foundation for our
clients’ financial future.
IMPORTANT INFORMATION
ETF shares are not individually redeemable, and owners of shares
may acquire those shares from a Fund or tender such shares for the
redemption to the Fund in Creation Units only.
Consider the Fund’s investment objective, risk factors and
charges and expenses before investing. This and other important
information can be found in the Fund’s prospectus, which may be
obtained by calling 1-844-851-4255 or by viewing or downloading a
prospectus at www.Xtrackers.com. Please read it carefully before
investing.
The brand Xtrackers represents all systematic investment
solutions. ETFs in the U.S. are managed by DBX Advisors LLC (the
“Advisor”) and distributed by ALPS Distributors, Inc. (“ALPS”).
RREEF America L.L.C. acts as the Fund’s subadvisor (the
“Subadvisor”). The Advisor and Subadvisor are indirect, wholly
owned subsidiaries of DWS Group GmbH & Co. KGaA and are not
affiliated with ALPS.
Investing involves risk, including the possible loss of
principal. Stocks may decline in value. There are special risks
associated with natural resources investments; this means that the
fund is more vulnerable to the price movements that particularly
affect one or more of the various industries and sub-industries
within the natural resources sector. Funds investing in a single
industry, country or in a limited geographic region generally are
more volatile than more diversified funds. This fund is
non-diversified and can take larger positions in fewer issues,
increasing its potential risk. An investment in this fund should be
considered only as a supplement to a complete investment program
for those investors willing to accept the risks associated with the
fund. Please read the prospectus for more information.
Past performance is no guarantee of future results.
War, terrorism, sanctions, economic uncertainty, trade disputes,
public health crises and related geopolitical events have led, and,
in the future, may lead to significant disruptions in U.S. and
world economies and markets, which may lead to increased market
volatility and may have significant adverse effects on the fund and
its investments.
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer or
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
Certain statements contained in this release may be
forward-looking in nature. These include all statements relating to
plans, expectations, and other statements that are not historical
facts and typically use words like “expect,” “anticipate,”
“believe,” “intend,” and similar expressions. Such statements
represent management’s current beliefs, based upon information
available at the time the statements are made, with regard to the
matters addressed. All forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in, or implied by, such statements.
Management does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise. The following factors,
among others, could cause actual results to differ materially from
forward-looking statements: (i) the effects of adverse changes in
market and economic conditions; (ii) legal and regulatory
developments; and (iii) other additional risks and uncertainties,
including public health crises, war, terrorism, trade disputes and
related geopolitical events.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK
GUARANTEE
The brand DWS represents DWS Group GmbH & Co. KGaA and any
of its subsidiaries such as DWS Distributors, Inc., which offers
investment products, or DWS Investment Management Americas, Inc.
and RREEF America L.L.C., which offer advisory services. R-099954
(02/25) DBX05883 (02/25)
1 With $444 billion in assets as of October 2023—almost triple
the amount from October 2020. https://www.morningstar.com/etfs/constellation-factors-powering-active-etfs-meteoric-rise
2 Source: Bloomberg as of 02/16/2024.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240227308576/en/
For further information:
Kenny Juarez +1 (212) 454-9994
kenny.juarez@dws.com
Brendan Moffitt +1 (212) 454-0013
brendan.moffitt@dws.com
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