Risk considerations
Investors should note that the Xtrackers ETFs are not capital protected or guaranteed and investors in each Xtrackers ETF should be prepared and able to sustain losses up to the total capital invested. The value of an investment in an Xtrackers ETF may go down as well as up and past performance does not predict future returns. Investment in Xtrackers ETFs involve risks. For a list of related risks please click on the Risks and Terms tab.
Important security note: Warning of attempted fraud in the name of DWS
We have detected that fraudulent individuals are misusing the "DWS" trademark and the names of DWS employees on the internet and social media. These fraudsters are operating fake websites, Facebook pages, WhatsApp groups and Mobile Apps. Please be aware that DWS does not have any Facebook Ambassador profiles or WhatsApp chats. If you receive any unexpected calls, messages, or emails claiming to be from DWS, exercise caution and do not make any payments or disclose personal information. We encourage you to report any suspicious activity to info@dws.com, including any relevant documents and the original fraudulent email. Additionally, if you believe you have been a victim of fraud, please notify your local authorities and take steps to protect yourself.
Dear reader,
As a leading global asset manager, we are delighted to introduce you to an exciting study on “Friendvesting: The new architecture of investment in a fractured world” by Economist Impact, which we are proud to sponsor. Three hundred executives from North America, Europe and Asia have been interviewed. Their practical insights shed light on the challenges ahead.
The study reveals that geopolitical risks now play a greater role than ever in the minds of institutional investors. Military conflicts and resulting economic sanctions disrupt existing asset allocations, while longer-term changes such as new trade barriers and regulatory adjustments are profoundly impacting strategic direction. In this context, geography is emerging as a crucial risk factor. Investors are shifting their focus from purely economic indicators to a classification of alliances, adversaries, and neutral states - “Friendvesting” or investing alongside allied geopolitical groups with shared economic and strategic interests, will be a central strategy for institutional investors in 2025. Equities and bonds, which are highly responsive to political decisions, are particularly affected by geopolitical threats, forcing fund managers and investors to rethink old assumptions about risk and return.
We hope you find the results of the study as insightful as we do.
“At Xtrackers by DWS, we are convinced that these findings provide an important basis for the further development of investment strategies. The ability to adapt to geopolitical changes is crucial for long-term success today.”
Simon Klein
Global Head of Xtrackers Sales
Retail Clients
Professional Clients
BEFORE ENTERING THIS WEBSITE, PLEASE READ CAREFULLY THE FOLLOWING IMPORTANT TERMS AND CONDITIONS (THE "TERMS") THAT GOVERN YOUR ACCESS TO, AND USE OF, THIS WEBSITE, AND ACKNOWLEDGE YOUR AGREEMENT TO THEM. IF YOU AGREE TO THE TERMS, CLICK "ACCEPT" AT THE END OF THESE TERMS TO ENTER THIS WEBSITE. IF YOU CLICK "LEAVE PAGE" YOU WILL NOT BE ABLE TO ACCESS THIS WEBSITE THESE TERMS ARE A BINDING AGREEMENT BETWEEN YOU AND DWS, AND GOVERN YOUR ACCESS AND USE OF THE WEBSITE.
FOR PROFESSIONAL INVESTORS ONLY
THE CONTENT HEREIN IS RESTRICTED TO PROFESSIONAL INVESTORS, SUCH AS BANKS, INVESTMENT ADVISERS, PENSION FUNDS, INVESTMENT FUNDS, INSURANCE COMPANIES AND SIMILAR INSTITUTIONS AND IS NOT INTENDED FOR RETAIL INVESTORS. BY AGREEING TO THESE TERMS THE USER CONFIRMS AND ACKNOWLEDGES THAT HE/SHE IS ACTING IN HIS/HER CAPACITY AS A PROFESSIONAL INVESTOR OR REPRESENTING A PROFESSIONAL INVESTOR AND IS NOT ACTING IN A RETAIL CAPACITY.
ANY ENTITY ENTERING THIS SITE WHO INTENDS TO ACT AS AN INTERMEDIARY AND MAKE FUNDS OR ETC SECURITIES (THE “PRODUCTS”) AVAILABLE TO THIRD PARTY CLIENTS; INTRODUCE PRODUCTS TO THIRD PARTY CLIENTS OR SUBMIT BUSINESS IN RELATION TO A PRODUCT ON BEHALF OF A THIRD PARTY CLIENT’S BEHALF, IN RETURN FOR RECEIPT OF A PAYMENT OR OTHERWISE, SHALL BY ACCEPTING THESE TERMS AND CONDITIONS AND/OR BY ENGAGING IN ANY OF THE AFOREMENTIONED ACTIVITIES IN RELATION TO ANY PRODUCT, BE DEEMED TO HAVE ACCEPTED THE TERMS OF BUSINESS “TERMS OF BUSINESS FOR INTERMEDIARIES” WHICH SHALL BE MADE AVAILABLE UNDER THE HEADING “RISKS AND TERMS” ON THE WEBSITE.
YOU (THE "USER") AGREE NOT TO UNDERTAKE ANY ACT OR OMISSION THAT WOULD CONSTITUTE A BREACH OF THESE TERMS AND REPRESENT AND WARRANT THAT YOU ARE LEGALLY PERMITTED TO ACCESS AND USE THE WEBSITE.
ANY REFERENCE TO “DWS” ON THIS WEBSITE OR IN THESE TERMS SHALL, UNLESS OTHERWISE REQUIRED BY THE CONTEXT, BE UNDERSTOOD AS A REFERENCE TO DWS GROUP GMBH & CO. KGAA AND/OR ITS AFFILIATES AND, AS THE CASE MAY BE, ANY INVESTMENT COMPANIES PROMOTED OR MANAGED BY ANY OF THOSE ENTITIES.
THIS WEBSITE IS PROVIDED BY DWS INVESTMENTS UK LIMITED EITHER (I) ON ITS OWN BEHALF IN ITS CAPACITY AS DISTRIBUTOR OF THE PRODUCTS REFERRED TO ON THIS WEBSITE, (II) ON BEHALF OF DWS INVESTMENT S.A., ACTING IN ITS CAPACITY AS MANAGEMENT COMPANY OF CERTAIN FUNDS REFERRED TO ON THIS WEBSITE, OR (III) ON BEHALF OF DB ETC PLC AND XTRACKERS ETC PLCAS ISSUERS OF ETC SECURITIES. EACH OF THESE ENTITIES MAY BE RESPONSIBLE FOR THE WEBSITE'S CONTENT AND ANY OF THE FUNDS, ETC SECURITIES AND SERVICES (INCLUDING FINANCIAL INSTRUMENTS) DESCRIBED (TOGETHER "THE WEBSITE").
ACCESS TO PRODUCTS AND SERVICES DISPLAYED ON THIS WEBSITE AND LINKED SITES HEREAFTER MAY BE RESTRICTED TO CERTAIN PERSONS OR IN CERTAIN COUNTRIES. PRODUCTS SHOWN ON THESE SITES SHALL NOT BE OFFERED OR SOLD TO ANY PERSONS PROHIBITED BY THE LAW IN THEIR COUNTRY OF ORIGIN OR IN ANY OTHER RELEVANT COUNTRY. COUNTRY SPECIFIC SITES LISTED ON THE PREVIOUS WEBPAGE MAY ONLY BE ACCESSED BY READERS OF THESE TERMS WHO ARE PERMANENTLY RESIDENT IN THE RELEVANT COUNTRY AND LEGALLY PERMITTED TO LOG ON TO THE RELEVANT PAGES. IN PARTICULAR U.S. PERSONS AND PERSONS RESIDENT IN OTHER COUNTRIES NOT DISPLAYED IN THE LIST ON THE PREVIOUS WEBPAGE ARE FORBIDDEN FROM VIEWING FURTHER PAGES. BY SELECTING A COUNTRY FROM THE LIST ON THE PREVIOUS WEBPAGE YOU HEREBY AFFIRM THAT YOU ARE A RESIDENT OF THAT COUNTRY. DWS SPECIFICALLY ASSUMES NO RESPONSIBILITY WHATSOEVER FOR THE DISTRIBUTION OF CONTENT OF THE WEBSITE TO INDIVIDUALS OR ENTITIES WHICH PROVIDE FALSE INFORMATION REGARDING THEIR COUNTRY OF LEGAL RESIDENCE.
THESE MATERIALS AND ANY PRODUCTS DESCRIBED ON THIS WEBSITE ARE NOT BEING OFFERED OR TARGETED TO U.S. PERSONS.
Nothing contained on this Website should be considered as an offer to purchase any of the Products. Consequently, the information on this Website does not constitute, and may not be used for the purposes of, an offer to acquire or sell any fund shares or ETC securities to any person in any jurisdiction. Pricing levels and valuations published on this Website are indicative and they and other information displayed on this Website are for information purposes only.
Information made available on this Website should not be considered as legal, tax, investment or securities advice or any form of recommendation to purchase Products or services described on this website or any opinion regarding the appropriateness of any investment.
You should seek professional advice on all of the foregoing before making any investment decision.
Offering Documents referring to a specific fund (including sub-funds) or ETC security are available on this Website. Users should carefully read the information contained in such documents (including the latest version of the Key Investor Information Document or Key Information Document) before making any investment decision.
Past performance information (either actual or simulated) contained on this Website is not a reliable indicator of future results.
Although best efforts have been used to ensure that the information set out on this Website is reliable, no warranty is made as to its accuracy, completeness and adequacy. Any opinions expressed reflect the current view of DWS, in its capacity as distributor, which may change without notice.
DWS reserves the right to partly or completely change the Website at any time and to restrict, interrupt or terminate its service.
DWS reserves the right to modify or amend these Terms at any time. DWS invites you to consult these terms and conditions from time to time to familiarise yourself with the changes.
Content and design of the Website are the property of DWS and are protected by copyright. Any copying, publication, reproduction, distribution, re-transmission, assigning or use of any portion of the Website or of its content requires the prior written consent of DWS.
DWS respects your privacy. Personal data collected when visiting this website are processed in accordance with applicable data protection law.
You agree that where you provide your name and contact details and request information on our products, we may send you such information, including by e-mail. You can ask us at any time to stop sending such information.
By entering this website, you acknowledge and agree that DWS may place cookies on the device via which you access the site. These cookies are either strictly necessary to provide you with the services you have requested or to give us anonymised data about your use of our websites. This includes details such as the website from which you accessed our website, the duration of your visit and the pages you viewed. Such information, which will not include your name, helps us improve the performance and content of our websites. It also records (for up to a maximum of one year) which country you are interested in, and whether as a retail or professional investor. You can block or delete cookies from your computer - simply refer to the help function of your browser.
Please also read the section “Privacy Policy” and “Cookie Information” under the heading "DWS Privacy Notice" on the Website for more information.
Communications over the Internet and by e-mail cannot be guaranteed to be secure. There is a risk that information contained within an e-mail communication and any attachment thereto, including potentially confidential information, may be intercepted, lost, destroyed or delayed in transmission. Although DWS will use reasonable efforts to minimise such risk, it does not warrant that any communication or e-mail or any attachments thereto, that is sent out, will be free from viruses, worms or other harmful components.
Telephone calls to DWS may be recorded for training and monitoring purposes and to comply with applicable law and regulations. Such telephone recordings are the property of DWS.
Certain hypertext links on the Website may lead the User to websites that are not under the control or charge of DWS. DWS is not responsible with respect to any material contained in or conducted through any such external websites.
These terms and any non-contractual obligations arising out of or in connection with them are exclusively governed by and shall be construed in accordance with the laws of England and Wales.
If at any time any provision (or part of any provision) of these Terms is, or becomes, illegal, invalid or unenforceable in any respect under the law of any jurisdiction, that shall not affect the legality, validity or enforceability in that or any other jurisdiction of any other provision (or any other part of this provision) of these Terms.
The Products described on this Website are not eligible for sale in all countries. The Offering Documents contain information as to the selling restrictions applicable to any particular Product and the User should read them carefully.
In particular, the following restrictions apply:
Residents of the United States of America:
The information set out on this Website is not directed to the United States. U.S. persons (as defined in Regulation S under the U.S. Securities Act 1933) and persons resident in the U.S. may not enter the Website. Information from this Website may not be distributed or redistributed into the United States or into any jurisdiction where it is not permitted. Any Products described on this Website have not been and will not be registered under the U.S. Securities Act of 1933 as amended and trading in the securities has not been approved for purposes of the U.S. Commodities Exchange Act of 1936. The Products may not be offered or sold in the United States, to U.S. persons or U.S. residents.
The Products described on this Website are only offered or sold to persons in any other jurisdiction, if applicable law permits this.
Based on the second shareholder rights directive (SRD II) asset managers have to disclose certain information. Below is the summary of where to find certain information:
Information on the key material medium to long-term risks associated with the investments are as follow:
The DWS investment decision process enables us to identify risks and return opportunities. Our extensive research resources and teams of experienced professionals continually analyse the relevant markets as well as the political and economic environment. Furthermore, our Strategic CIO View provides a long-term outlook and orientation. In addition, the independent risk function ensures that investment decisions are taken in a disciplined and controlled way.
