3 March 2022
DWS publishes on its website:
DWS stands in solidarity with the people of Ukraine. The development of the last week marks a sad turning point in Europe, where freedom has been the cornerstone of collective prosperity over decades. This war of aggression has not only undermined trust between the Russian government and the Western world, but will also permanently change Europe’s security architecture, energy policy, and create significant volatility.
As a fiduciary global firm, we have the responsibility to address challenges in the market in addition to sharing in the responsibility of the moment.
Given the current situation, the mutual funds actively managed by DWS will no longer make new investments into Russian securities until further notice. Furthermore, in coordination with fund boards, we will suspend the subscription of new shares in mutual funds with significant Russian exposure and manage existing Russian exposure on behalf of our clients in line with the individual funds investment policy and our fiduciary commitment.
We will, of course, also implement any sanctions imposed by the EU, UK and the United States on Russian entities.Source: DWS
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