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Two equity funds mark DAM rebranding

Deutsche Asset Management is setting up two aggressive equity funds, each investing in only 25 stocks, to mark its rebranding as DWS Investments.

DWS UK opportunities and DWS European opportunities are the first two funds to be offered in the UK under the DWS brand, which translates fully as the investment specialist in German. The brand is also the operating name for the fund manager in several of the European countries where it has a presence. The name will be adopted in the UK on September 16.

Phil Doel, a member of DAM&#39s UK equities team, will be at the helm of the UK fund while Julian Barrell, who is part of the European portfolio selection team, will manage the European fund.

At the outset, the 25 stocks will get equal weighting in the funds although they will be readjusted later. They will be initially structured as UK Oeics and are available as Isas and Pep transfers. Initial charge is 4.25 per cent through the Oeic wrapper, 3.25 per cent for Isas and 3 per cent for Pep transfers. Annual charge is 1.5 per cent.

Dam managing director, UK retail Michael Warren says: “These two funds complementing the strong range of lower-risk core products.”

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