DWS Group to continue real estate fund redemptions despite outflows

DWS Group, a subsidiary of Deutsche Bank, has announced that it will continue to honor redemptions for three of its open-ended real estate funds without suspension. This move is intended to address ongoing investor outflows and mitigate market concerns regarding liquidity.

To ensure sufficient liquidity for these redemptions, the asset manager is actively reducing its holdings by selling off real estate assets. The company aims to manage this process carefully to avoid significant losses in portfolio value during the divestment process.

In a separate development, DWS has decided on the full liquidation and sale of all assets for the RREEF Property Trust, a vehicle advised by a DWS affiliate. This liquidation remains subject to shareholder approval. Additionally, the firm is restructuring its ETF portfolio, recently completing the conversion of the Xtrackers MSCI EAFE Selection Equity ETF into the Xtrackers Bloomberg Developed Markets Ex US Equity ETF.