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Warning – attempted fraud

We have detected that fraudulent individuals are misusing the "DWS" trademark and the names of DWS employees on the internet and social media. These fraudsters are operating fake websites, Facebook pages, and WhatsApp groups. Please be aware that DWS does not have any Facebook Ambassador profiles or WhatsApp chats. If you receive any unexpected calls, messages, or emails claiming to be from DWS, exercise caution and do not make any payments or disclose personal information. We encourage you to report any suspicious activity to info@dws.com, including any relevant documents and the original fraudulent email. Additionally, if you believe you have been a victim of fraud, please notify your local authorities and take steps to protect yourself.

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Focus Fund

DWS Concept Kaldemorgen LC
DWS Concept Kaldemorgen* is a multi-asset fund without a benchmark with a moderate risk profile (five-year rolling volatility approx. 4%–8%; no guarantee). The objective is to optimize the yield per risk unit by investing in equities, bonds, currency, gold and other suitable assets. Team-based risk management is an integral part of the investment process. Derivates are used for hedging/investment purposes. The Fund is actively managed.   //   *Managed based on the strategy developed by Klaus Kaldemorgen, which is described in further detail in the sales prospectus.
Category / Investor profile
Total Return Strategies / Growth-oriented
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About us

EUR

1,054 bn

Assets under Management (Source: DWS; as of 30 September 2025)

More than

60 Years

of Investment Experience

Approximately

4,900

employees