Intangible assets are the sole focus in this context
The financial world is abuzz with the launch of the DWS Invest CROCI Intellectual Capital fund, a new investment vehicle that targets companies with high levels of intangible assets. This fund is part of DWS's expansion of its successful Croci series, and it aims to find future revenue drivers in relation to intellectual capital.
The fund invests in approximately 100 large and mid-cap companies from developed and emerging markets, with a focus on intellectual capital. These intangible assets, such as research and development and brands, are not typically reflected in the balance sheet, leading to distortions in valuation metrics calculated based on the balance sheet.
The sectors of interest for this fund include IT, healthcare, and consumer stocks. Some of the largest holdings include Alphabet, Facebook, Apple, Samsung Electronics, Microsoft, Intel, and Johnson & Johnson. The top 25 stocks are weighted around 40% in the fund, and the weightings of individual stocks range from 0.54% to 3.75%.
The fund's stock weightings are based on economic profits, and the strategy has been in use since 1996. In simulation, this strategy has outperformed the MSCI World by 2.7 percentage points per year since 2004.
Francesco Curto, Co-Head of Research and Head of the CROCI Investment Strategy and Valuation Group, believes that the DWS CROCI valuation investment approach is the perfect analytical tool for this purpose. The fund follows an established investment approach to capture the structural shift in the economy from physical capital to intangible capital.
While performance trends for this fund typically reflect a focus on sustainable growth companies with strong intellectual capital, precise recent performance figures and updated key holdings are not present in the current search results. For detailed and current performance data including returns, risk metrics, and the portfolio’s principal holdings, one would normally consult the fund’s official webpage, fund fact sheets from DWS, or financial data providers that track this fund specifically.
In conclusion, the DWS Invest CROCI Intellectual Capital fund offers investors an opportunity to invest in companies with high intangible assets, aiming for superior long-term growth by investing in such knowledge-driven firms. For those interested in learning more about the fund's performance and key holdings, further research is recommended.
The DWS Invest CROCI Intellectual Capital fund primarily invests in businesses, focusing on large and mid-cap companies from various markets that possess substantial intellectual capital, such as research and development and brands. This fund's unique approach to finance and investing captures the evolving economy's structural shift from physical capital to intangible capital.
