DWS launches intellectual capital fund

DWS has expanded its thematic space with the launch of an investment fund targeting companies with high levels of intellectual capital, which is generally not recognised on balance sheets but is a significant driver of revenue growth. DWS Invest CROCI Intellectual Capital fund is based on research by DWS's in-house CROCI (Cash Return on Capital Invested) team, which finds that, over the past decade, economic growth and equity returns have increasingly been driven by companies with comparatively low capital and labour but a high concentration of intangible assets, or intellectual capital....