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DWS switches Euro opps manager

DWS Investments has changed manager on its European Opportunities fund.Paras Annand has taken over from Julian Barrell, who had run the portfolio, which holds 25 equally weighted stocks, since its launch in November. Since taking the reins, Annand has already changed 24 of those 25 holdings and moved the fund towards a mid and small cap bias. Barrell is to concentrate on running hedge funds for DWS.

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