NEW YORK--(BUSINESS WIRE)--DWS Investments - Americas, the US retail unit of Deutsche Bank’s Asset Management division, today announced the first anniversary of the DWS Alternative Asset Allocation Plus Fund. The fund was launched on July 30, 2007 and as of July 30, 2008 has raised over $500 million, more than quadrupling the average first-year growth for a mutual fund, according to Strategic Insight*. The fund also generated positive returns in a turbulent financial environment characterized by tumbling equity markets (3.87%), whereas the S&P 500 ended the same period with negative returns (-11.09%). The fund is ranked in the top 8% of the Morningstar World Allocation category for the one-year period ended 7/31/08 and ranked 14 of 164 funds in the category on a total return basis, as of 7/3108**.The fund is an open-ended mutual fund which seeks capital appreciation by investing in alternative asset categories. It is structured as a fund-of-funds, offering retail investors access to eight low-correlated alternative asset classes and Deutsche Asset Management’s portable alpha strategy in one portfolio. It gives shareholders access to non-traditional or ‘alternative’ asset categories and investment strategies such as market neutral, inflation-protection, commodities, real estate and emerging markets assets.
“Global economic uncertainty and market volatility has contributed to retail investors now focusing on greater portfolio diversification and low-correlated asset classes,” said Doug Beck, a Managing Director and Head of Product Management at DWS Investments. “DWS Alternative Asset Allocation Plus Fund is designed to be a simple solution that gives financial advisors and their clients access to components of what we believe are some of the best alternative ideas. Advisors are attracted to the fund because it delivers broad diversification to alternative asset classes in one easily accessible strategy.”
The underlying funds currently include:
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