Risk Considerations

Investors should note that Deutsche Invest Funds are generally not capital protected or guaranteed and investors in each Deutsche Invest Funds should be prepared and able to sustain losses up to the total capital invested. The value of an investment in a Deutsche Invest Funds may go down as well as up and past performance is not a reliable indicator of future results. Investment in any Deutsche Invest Funds involves numerous risks, for a list of related risks please click here.

ALERT!

Deutsche Bank has received reports that the Deutsche Bank name and brand are being misused to facilitate an investment fraud scam, whereby members of the public receive calls from someone purporting to be a Deutsche Bank DWS Global Wealth Management employee offering minimum £10,000 investments in a one year DWS Corporate Bond offering high rates of return. The fraudsters are using names, telephone numbers and email addresses not affiliated to Deutsche Bank.
If you have concerns then please contact Deutsche Bank via our switchboard. If you have been the victim of fraud then please report the matter to the Police, via Action Fraud reporting line on 0300 123 2040.

DWS Concept Kaldemorgen SC

ISIN: LU1028182704Price by date: 15/07/2020Issue price: 132.38
 Currency: EURRedemption price: 132.38

Klaus Kaldemorgen

ManagerControl: Fund Manager Since 02/05/2011 00:00:00
Management location: Germany


Current comment

After the strong rise in April, equity markets continued to recover steadily in May. The MSCI ACWI gained 2.8% (in Euro) in the month. The DAX performed significantly better at +6.7%, favoured by the preference for cyclical stocks in May. In contrast, European stocks underperformed at +2.6%. Despite a -1.2% weaker US dollar, the US stock market with gains of +3.6% in euro terms was able to maintain its leading position this year. The global stock markets were dominated by sector rotation in May. Cyclical sectors such as industrials, materials and consumer goods rose by +4.6% on average. Defensive sectors such as healthcare (+2.5%), food and b…

Read more

Previous comments

  • 04/2020: While the coronavirus continues to spread around the globe and the global economy slows down, the stock markets have already recovered significantly in April. The global MSCI ACWI Index posted a gain of 11.4% for the month. The technology-heavy NASDAQ Index increased the most significantly at 16% and now stands higher than at the beginning of the year. While the broad US equity market recovered 13.8% and the emerging markets almost 10%, Europe gained only 5.6%, followed by Japan with 5.5%. Although it was even possible to receive money as a buyer of oil temporarily in April, the oil price was almost unchanged at the end of the month. Energy s…

    Read more

    klapper
  • 03/2020: After the stock markets had already started discounting the spread of Covid-19 in February, a sell-off in the equity markets followed in March. The Dax fell by roughly -30% to 8,255 points within 11 trading days. This was followed by a similarly rapid recovery by 22% to over 10,000. The speed of the losses set new standards. The MSCI ACWI lost -13.1% in March. The MSCI Europe declined by a total of -14.6%, with Spain and Italy suffering particularly from the consequences of the corona virus with -22% each. The largest losses were observed in the Latin American stock markets with -35%, while Japan and the US NASDAQ index each declined by only …

    Read more

    klapper
  • 02/2020: While global equity markets still performed positively in the first half of February, with a rise of +4-6%, concerns about a Covid-19 pandemic led to a significantly increased risk aversion in the further course of the month due to rising case numbers outside China. Fears of a perceptible deterioration in global growth prospects put stock markets under severe pressure towards the end of the month. From the high point in the middle of the month, the German DAX and the S&P 500 Index each lost more than 14% (in EUR) by the end of the month. On balance, the MSCI World Index fell by almost 8% (in EUR) in February. Brent oil lost -14%. In such an e…

    Read more

    klapper
  • 01/2020: The positive trend of the previous months initially continued in the global equity markets at the beginning of the year. While leading economic indicators in the US, China and Germany continued to weaken in January, the European purchasing managers' index showed initial signs of stabilization. In the second half of the month, the spread of the coronavirus noticeably dampened market participants' risk appetite and put pressure on the international stock markets. The Nasdaq was an exception and ended the month with positive performance of 4.2%. Safe haven investments such as the Japanese yen, US government bonds and gold were in demand in this …

    Read more

    klapper
  • 12/2019: After there was no escalation in December, but rather progress in the trade dispute between China and the US (Phase 1 agreement), share prices in December took a friendly turn into the new year. Emerging markets in particular were able to polish up their previously disappointing performance at the end of the year with price gains of 5.7%. Chinese equities in particular were able to make gains thanks to the progress made in negotiations. In Europe, equities in the UK in particular benefited, with price gains of just under 3%. The clear election success of Johnson now creates clear conditions on the Brexit front. US equities benefited above all…

    Read more

    klapper

Other funds by this fund manager