The New Germany Fund, Inc. Reports Earnings Results for the Half Year Ended June 30, 2022
September 02, 2022 at 11:36 am EDT
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The New Germany Fund, Inc. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported revenue was USD 3.17 million. Net loss was USD 104.48 million.
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.