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Rating:Another Sub-Advisor Is Dumped Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 15, 2013

Another Sub-Advisor Is Dumped

Reported by Tommy Fernandez

They say January is the month for breakups.

Well, at the very least fund firms and sub-advisors seem to be supporting that premise as Vanguard [profile] fired Hansberger yesterday and now DWS [profile] and Global Thematic Partners are parting ways.

According to the SEC filing, Global will no longer serve as sub-advisor to the DWS Global Thematic Fund as of January 31st. The fund will change its name to the DWS Global Growth Fund.

The fund invests at least 65% of its total assets in US and foreign equities, i.e. equities issued by US and foreign-based companies. The fund can invest in companies of any size and from any country, including countries with emerging economies, and seeks to achieve its objective by allocating its assets among a global growth sleeve and a global small cap growth sleeve  

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