Deutsche Asset & Wealth Management (Deutsche AWM) has launched the Deutsche CROCI US Fund, the fourth US mutual fund offered by Deutsche AWM that leverages the Bank’s Cash Return On Capital Invested (CROCI) valuation methodology.
"This innovative addition to the CROCI platform offers investors a compelling opportunity to gain exposure to S&P 500 companies with real ‘economic value’ measured by our proprietary valuation methodology,” says Joe Hall, Head of CROCI in the Americas. “This product is yet another example of Deutsche AWM’s ability to create unique, systematic investment strategies for our clients.”
The Fund seeks long-term growth of capital by selecting stocks of companies that offer “economic value,” utilising the CROCI methodology. Economic value is measured using the CROCI P/E. The fund invests in approximately 40 common stocks (excluding financial companies) in the CROCI database selected from the S&P 500 Index. The Fund is managed by Di Kumble, Senior Portfolio Manager and Head of Tax Managed Equities for Deutsche AWM.
With nearly 20 years of history, the CROCI database consists of economic data for approximately 830 companies, covered by a team of over 50 analysts, on a global basis. There are approximately USD14.8 billion in assets globally invested in CROCI strategies, with more than USD3.6 billion in the US as of 31 March, 2015.
Deutsche CROCI US Fund is a registered mutual fund under the Investment Company Act of 1940. Deutsche Investment Management Americas Inc. (DIMA) is the Fund’s investment advisor and DWS Investments Distributors, Inc is the Fund’s distributor.