What happened to Scudder funds?
One of the oldest and most famed mutual fund brands has gone away. DWS Scudder Investments, the U.S. asset-management division of Deustche Bank, recently changed its name to DWS Investments. At that point, the funds will be rebranded as Federated Prudent Bear and Federated Prudent Global Income.
What is DWS fund?
DWS Funds. DWS is a company that sells mutual funds with $76,239M in assets under management. The average expense ratio from all mutual funds is 0.58%. 59.77% of all the mutual funds are no load funds. The oldest fund launched was in 1928.
Is DWS a mutual fund company?
The DWS Group (Formerly: Deutsche Asset Management) is a German asset management company….DWS Group.
| Native name | DWS Group GmbH & Co. KGaA |
|---|---|
| Key people | Asoka Woehrmann (CEO) |
| Products | Mutual Funds ETFs Alternative Investments |
| Revenue | €2.2 billion (2020) |
| Net income | €762 million (2020) |
What is DWS Deutsche Bank?
What do the letters DWS stand for? DWS draws from the name of Deutsche Bank’s original fund firm founded in 1956, Deutsche Gesellschaft für Wertpapiersparen (German Corporation for Investment Saving). The name was later shortened to DWS and has been the name for our retail business in Germany ever since.
Who bought Scudder?
Deutsche Bank
Deutsche Bank has agreed to buy Scudder Investments, the United States asset management unit of Zurich Financial Services, for about $2.5 billion in cash and assets, executives involved in the discussions said today.
Is Scudder A DWS?
Deutsche Asset Management today renamed Scudder Investments as DWS Scudder, part of a change in its strategy in the U.S. mutual fund market. The goal, he said, is to provide a mutual fund product range to best serve the U.S. financial adviser channel. …
What is a taxable fixed income fund?
Fixed-income funds that distribute income that is subject to taxation at the federal, state, and sometimes local levels.
What is an asset manager do?
An asset manager is a financial professional who manages money and securities on behalf of a client, with the goal of growing the value of the assets.
Are DWS funds good?
DWS has carved out a small niche in the world of municipal bonds and tax-free mutual funds. Its funds in this category earn praise from Morningstar for performing near the top of their category over long time periods.
Who founded DWS?
Danny Wallis
Danny Wallis founded DWS in 1992 and is its chief executive and managing director. Having begun his career in the IT industry over 20 years ago, Mr Wallis started out as a system programmer and internal consultant at ANZ Bank.
Is Deutsche Bank a commercial bank?
As of 2020, Deutsche Bank was the 21st largest bank in the world by total assets and 63rd by market capitalization….Deutsche Bank.
| Deutsche Bank Twin Towers in Frankfurt, Germany | |
|---|---|
| Services | Investment banking Corporate banking Asset management Commercial banking Private banking |
What is a Scudder?
: a beamer who scrapes skins by hand or machine.
How to contact Scudder destinations variable annuity company?
Scudder Destinations sm Variable Annuity Product (All Contracts Starting with KI): 1-800-449-0523 All Other Variable Annuity and Variable Life Contracts: 1-800-457-9047
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Do you have to be an US resident to use DWS?
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Is the DWS Americas website published in the US?
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