The European Equity Fund, Inc. Announces Portfolio Manager Change
03 Août 2020 - 11:00PM
Business Wire
The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”)
announced today that Juan Barriobero de la Pisa will replace Britta
Weidenbach as the portfolio manager of the Fund effective September
1, 2020. Frank Kuemmet will continue to serve as the Fund’s deputy
portfolio manager.
Mr. Barriobero de la Pisa is a portfolio manager and research
analyst within the DWS European Equities team. He served as the DWS
Head of Spanish Equities from 2007-2019 and Executive Member of the
Board at DWS Spain 2016-2018. He joined DWS in 1999 as US Equity
Fund Manager with 5 years of industry experience. Mr. Barriobero de
la Pisa earned a degree in European Economic Sciences (ICADE E4)
from Universidad Pontificia de Comillas; and is a CFA Charterholder
since 2001, and a CESGA holder since 2018.
For more information on the Fund, including the most recent
month-end performance, visit www.dwsfunds.com or call (800)
349-4281.
Important Information
Investing in foreign securities, particularly of emerging
markets, presents certain risks, such as currency fluctuations,
political and economic changes, and market risks. Any fund that
concentrates in a particular segment of the market or a particular
geographical region will generally be more volatile than a fund
that invests more broadly.
The shares of most closed-end funds, including the Fund, are
not continuously offered. Once issued, shares of closed-end funds
are bought and sold in the open market through a stock exchange.
Shares of closed-end funds frequently trade at a discount to net
asset value. The price of a fund’s shares is determined by a number
of factors, several of which are beyond the control of the fund.
Therefore, a fund cannot predict whether its shares will trade at,
below, or above net asset value.
Investments in funds involve risk. Additional risks of the
Fund are associated with international investing, such as currency
fluctuations, political and economic changes, market risks,
government regulations and differences in liquidity, which may
increase the volatility of your investment. Foreign security
markets generally exhibit greater price volatility and are less
liquid than the US market. Additionally, the Fund focuses its
investments in certain geographical regions, thereby increasing
their vulnerability to developments in that region and potentially
subjecting the Funds’ shares to greater price volatility. Some
funds have more risk than others. These include funds, such as the
Fund, that allow exposure to or otherwise concentrate investments
in certain sectors, geographic regions, security types, market
capitalization, or foreign securities (e.g., political or economic
instability, which can be accentuated in emerging market
countries).
The European Union, the United States and other countries
have imposed sanctions on Russia in response to Russian military
and other actions in recent years. These sanctions have adversely
affected Russian individuals, issuers and the Russian economy.
Russia, in turn, has imposed sanctions targeting Western
individuals, businesses and products. The various sanctions have
adversely affected, and may continue to adversely affect, not only
the Russian economy, but also the economies of many countries in
Europe, including countries in Central and Eastern Europe. The
continuation of current sanctions or the imposition of additional
sanctions may materially adversely affect the value of the Fund’s
portfolio.
War, terrorism, economic uncertainty, trade disputes, public
health crises (including the recent pandemic spread of the novel
coronavirus) and related geopolitical events could lead to
increased market volatility, disruption to US and world economies
and markets and may have significant adverse effects on the Fund
and its investments.
Past performance is no guarantee of future results.
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer or
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO
BANK GUARANTEE NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL
GOVERNMENT AGENCY
DWS Distributors, Inc. 222 South Riverside Plaza Chicago,
IL 60606-5808 www.dws.com Tel (800) 621-1148 © 2020 DWS Group GmbH
& Co. KGaA. All rights reserved
The brand DWS represents DWS Group GmbH & Co. KGaA and any
of its subsidiaries such as DWS Distributors, Inc. which offers
investment products or DWS Investment Management Americas, Inc. and
RREEF America L.L.C. which offer advisory services. (R-077509-1)
(08/20)
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version on businesswire.com: https://www.businesswire.com/news/home/20200803005701/en/
For additional information:
DWS Press Office (212) 454-4500 Shareholder Account
Information (800) 294-4366 DWS Closed-End Funds (800)
349-4281
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