The offices of DWS and its majority owner Deutsche Bank were searched by German public prosecutors, federal police, and the financial regulator BaFin on May 31, 2022 as part of an investigation into allegations of greenwashing. (Greenwashing is the practice of overstating a firm’s or fund’s practices around ESG investing.) The investigation was triggered by accusations initially raised in August 2021 by the firm’s former chief sustainability officer, Desiree Fixler, who left DWS after a fairly short period of time following a dispute over the true level of environmental, social, and governance integration across the firm.
Will AAAAX outperform in future?
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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AAAAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AAAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AAAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.