The New Germany Fund, Inc. Overview
Pro stress-test →The New Germany Fund Inc is a non-diversified, closed-end management investment company that seeks long-term capital appreciation primarily through investment in middle-market German equities. Under normal market conditions, at least 80% of the Fund's net assets are invested in equity or equity-linked securities of German companies.
Strategic Profile
Pro stress-test →The fund is launched by Deutsche Investment Management Americas Inc and managed by Deutsche Asset Management International GmbH. As a closed-end fund, it has a one-time public offering after which shares are bought and sold on the open market, with share prices determined by supply and demand and potentially trading at a discount or premium to net asset value.
Competitive Landscape
Pro stress-test →GF competes within a family of DWS-branded closed-end funds including The Central and Eastern Europe Fund (CEE) and The European Equity Fund (EEA), which share common structural features as closed-end funds but have distinct investment focuses. The fund targets investors seeking direct German equity exposure through a traded vehicle.
Industry Context
The New Germany Fund, Inc. operates in Closed-end equity mutual funds.
Key facts
Founded: 1990 · Headquarters: New York, US · Market cap: $178.8M