Platow Fund 2020 11.Pdf
DWS Concept Platow – November 2020 Report Record monthly returns, the fund hits a new all-time ter reporting season was without exception pleasing or and beats the most important German indexes in No- better than expected, at least for the companies in the vember – fund investors, what more can you ask for? portfolio. No less than ten companies in the portfolio, The DWS Concept Platow Fund topped its previous 7C Solarparken, Adesso, Bechtle, Deutsche Telekom, record high set in February on the very last day of DocCheck, Hornbach-Baumarkt, Hornbach Holding, Leif- trading in November. It beat the monthly performance heit, S&T and TAG Immobilien, raised their guidance for of the SDAX and DAX, too, thus extending its long-term the full year. United Internet was the only company that outperformance of these two indexes. didn't follow suit – it lowered its guidance. A glance at the fund's portfolio explains its excep- In most cases we had first-hand information about tional performance. Most of the stocks in the portfolio the latest corporate developments. The Eigenkapitalfo- made double-digit percentage gains and three (Lang & rum, which was held virtually this year, was a particu- Schwarz, Allgeier und 2G larly rich source of information. We met with represen- Top Ten Holdings Energy) delivered a 50% tatives from 20 of the companies in the fund's portfolio Bechtle return, if not better. Only during the course of this investor conference and were Allgeier three stocks ended the able to examine an even greater number of potential in- Verbio month in the red, and on- vestment candidates in other one-on-one or small group Steico ly one, Dräger, wasn't clo- meetings.
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