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Rating:Scudder Continues to Do Live Ads For its Climate Fund Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, February 11, 2008

Scudder Continues to Do Live Ads For its Climate Fund

News summary by MFWire's editors

DWS Scudder continued its climate change road show on Friday, bringing dancing Brazilian girls, a waterfall and exotic animals to Manhattan's South Street Seaport, just a few blocks away from Wall Street. Scudder staged the event as part of an effort to promote its DWS Scudder Climate Change Fund. Scudder kicked off its 80-city promotional tour late last month in Beverly Hills, where it dumped 25 tons of snow on a section of Rodeo Drive.


Company Press

DWS Scudder, the U.S. retail unit of Deutsche Bank’s Asset Management division, today brought an Amazon jungle to the Promenade at South Street Seaport to promote its recently launched DWS Climate Change Fund. Crowds from nearby Wall Street took in a scene that featured exotic animals, jungle foliage and steamy temperatures, an 18-foot waterfall, a Brazilian band and dance troupe and a DJ set by the Brazilian Girls. The event, one of 80 promoting the Fund nationwide, has been structured as carbon neutral. All greenhouse gas (GHG) emissions generated in the course of the event are offset by an investment in a high-quality emission reduction project, the Bagepalli Biomas Project. The Bagepalli project is an UNFCCC registered CDM project under the Kyoto Protocol.

The event was designed to demonstrate the potential impacts of climate change and raise awareness of related investment opportunities. DWS Climate Change Fund is one of the first open-end mutual funds that seeks to invest in US and foreign companies involved in climate change adaptation and mitigation, or whose growth is supported by increased environmental regulation. Deutsche Asset Management (DeAM) has over US$2.9 billion in climate change assets globally as of 12/31/07.

Corporate supporters including The Wall Street Journal, Rossignol, Embratur - Brazilian Tourism Board, Sambazon – Organic Acai Juices and Smoothies Sustainably Harvested from the Amazon Rainforest, and Icelandic Glacial, a carbon-neutral certified bottled water company, also attended.

“Our objective in holding this as well as other events is not simply to show that climate change is happening but that it creates related climate change investment opportunities,” said Axel Schwarzer, Head of DeAM Americas and DWS Scudder. “DWS Climate Change Fund is on the cutting edge of climate change investing and DeAM has been a leader and innovator in the rapidly developing market for climate change investing with over US$10.6bn in assets under management in climate change-related products.”

“We believe that the shift away from a carbon-based economy is a mega-trend which will impact the global economy,” said Nicolas Huber, a Director and Portfolio Manager of the DWS Scudder Climate Change Fund. “Consumers, investors and companies in all sectors are responding to the challenge of climate change, creating new markets, products and services that represent significant business opportunities. We expect opportunities will be sufficiently large to justify a dedicated investment strategy and we believe this trend will continue to exist for the foreseeable future.”

DWS Climate Change Fund invests in three major themes:

(1) Clean technologies, energy efficiency and environmental management – includes alternative energy stocks, investments in bio-fuels, solar, wind and other emerging technologies that will be essential in responding to the challenges of climate change.

(2) Energy efficiency – includes companies that seek to mitigate the effects of rising energy prices through energy efficient products or technology, such as efficient insulation and lighting.

(3) Environmental management or adaptation – includes companies whose products and services are targeted at dealing with damage to the environment that may already be done or irreversible, e.g. waste management, reconstruction and environmental consulting.

The Fund’s portfolio managers have access to Deutsche Asset Management’s Climate Change Strategist, Mark Fulton and the Climate Change Investment Committee, which provide top-down views on global macro-economic and regulatory trends that are shaping climate change business opportunities around the world.

DWS Climate Change Fund is issued by DWS Scudder Distributors, Inc. Class A, C, S, and Institutional shares will be offered through financial advisors and institutions. The Fund's investment manager is Deutsche Asset Management Americas.

For more information, on the advisor-only nation-wide roadshow or DWS Climate Change Fund, please visit www.dwsclimatechange.com

This fund is subject to stock market risk. Investing in foreign securities, particularly in emerging markets, presents, presents certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes, including emerging markets and market risks. Stocks of small-cap companies involve greater risk than securities of larger, more-established companies, as they often have limited product lines, markets or financial resources and may be subject to more-erratic and more-abrupt market movements. Additionally, the fund concentrates its investments in climate change-related companies, increasing its vulnerability to industry risks and regulatory developments. All of these factors may result in greater share price volatility. Please read the prospectus for specific details regarding the fund's risk profile.

VIEW A PROSPECTUS

To obtain a prospectus, download one from www.dws-scudder.com, talk to your financial representative or call Shareholder Services at (800) 621-1048. We advise investors to carefully consider the product's objectives, risks, charges and expenses before investing. The prospectus contains this and other important information about the investment product. Read the prospectus carefully before you invest.

DWS Scudder

DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company.

About Deutsche Asset Management

With approximately $815 billion in assets under management globally (as of 31 December 2007), Deutsche Bank’s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,920 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
 

Edited by: Erin Kello


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