The New Germany Fund, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
March 09, 2020 at 02:01 pm EDT
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The New Germany Fund, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was USD 5.211 million compared to USD 0 a year ago. Net income was USD 78.942 million compared to USD 0 a year ago.
The New Germany Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation primarily through investment in middle-market German equities. The focus of the Fund's investments lies within Germany. Under normal market conditions at least 80% of the Fundâs net assets are invested in equity or equity-linked securities. The Fund invests in range of sectors, which include aerospace and defense; auto components; automobiles; banks; building products; chemicals; electrical equipment; independent power and renewable electricity producers; insurance; Internet and direct marketing retail; information technology (IT) services, life sciences tools and services; metals and mining; real estate management and development; software; textiles, apparel and luxury goods; trading companies and distributors; diversified financial services; commercial services and supplies, and others. The Fund's investment advisor is DWS International GmbH.
THE NEW GERMANY FUND, INC. 
