Tobias Späti

Functions as a pension/retirement fund

Provides investment advice

DWS Investment is an active, GARP-oriented manager which manages mutual funds invested globally across a broad range of asset classes, regions and sectors. They construct portfolios which take into account environmental, social and governance issues. They have particular expertise in German and international large-cap equities and seek to invest in companies with an attractive risk/reward profile in sectors such as healthcare, telecommunications, oil, alternative energies and infrastructure-related activities. The firm's investment philosophy emphasizes the reactivity and independence of small, dedicated investment teams, as well as close collaboration between equity, balanced, fixed-income and currency specialists. Their fundamental research process comprises an extensive program of company visits and management meetings. Their global network of analysts uses the proprietary G Cube Intranet-based research and communication platform which provides real-time access to information gathered locally. DWS Investment prefers to invest in strong companies in developed markets, targeting dividend-paying companies with a low gearing ratio and management teams with a proven track record. They utilize a bottom-up investment process based on a discounted cash flow model.

DB-CH focuses on the Swiss domestic business and tailors their investment approach to their clients' profile. They provide asset management services covering Swiss equity and CHF-denominated fixed income. They also have specific expertise in direct and multi-manager Swiss real estate investments and asset-backed securities.

DeAMS is an active value-oriented investment manager and invests primarily in European equity across market sectors, with a relatively long-term investment horizon. They have specific expertise in the Swiss market. DeAMS leverages their group's network of analysts to support investment decisions. Deutsche Bank maintains a global proprietary intranet-based research tool and communication platform, G-Cube, which provides real-time access to information gathered locally by DeAMS' analysts. The firm is a bottom-up investor that employs a discounted cash flow model when selecting potential investments. DeAMS prefers dividend-paying companies with a low gearing ratio and management with a proven track record. Value investments must have a PEG ratio of less than two. Portfolio managers are decision makers and are responsible for security selection. The fund management team works as a European network.

DWS’ strategies incorporate a disciplined investment process and sophisticated risk management which builds on the research expertise and global resources and alternative asset management expertise of Deutsche Bank to leverage first-hand, real-time insight from a global research engine that links analysts and investment professionals worldwide.