The Germany, New Germany & Central Europe & Russia Funds Name Addition to Investment Team
June 04 2004 - 6:30PM
PR Newswire (US)
The Germany, New Germany & Central Europe & Russia Funds
Name Addition to Investment Team NEW YORK, June 4
/PRNewswire-FirstCall/ -- The Germany (NYSE:GER), New Germany
(NYSE:GF) and Central Europe and Russia Funds (NYSE:CEE) today
announced that its Board of Directors have appointed Sandra M.
Schaufler as Chief Investment Officer for these three funds.
Located in New York, Ms. Schaufler will be working with the
Frankfurt-based team from the funds' investment adviser, Deutsche
Asset Management International GmbH. Most recently, Ms. Schaufler
was Director of equity sales at HVB Capital Markets in New York.
From 1997 to 2001 Ms. Schaufler worked as a Portfolio Manager of
Deutsche Asset Management in Germany. Her responsibilities included
management of European and Global equity funds, while being the
senior buy side analyst for the European technology sector. Earlier
in her career Ms. Schaufler was a Portfolio manager for Allianz
Asset Management in Munich, managing pan-European funds. Ms.
Schaufler has a Masters in International Economics Sciences from
the University of Innsbruck., Austria, and also studied at both the
University of Maastricht, Netherlands, and the Universidad
Internacional de Andalucia, Spain. She successfully completed the
DVFA Investment Analyst program and was awarded the EFFAS Financial
Analyst in 1998. In 2000, AIMR acknowledged Ms. Schaufler's
standing as a Chartered Financial Analyst (CFA). The Germany Fund,
Inc. is a non-diversified, closed-end investment company. The Fund
seeks long-term capital appreciation investing primarily in large
capitalization equity securities trading on the German stock
exchanges. The Fund may also invest up to 20% of total assets in
blue chip stocks in the United Kingdom, Switzerland, and countries
outside Germany that have adopted the new Euro currency. Its shares
are listed on the New York Stock Exchange under the symbol "GER".
The New Germany Fund, Inc. is a non-diversified, closed-end
investment company seeking capital appreciation primarily through
investment in the Mittelstand -- an important group of small and
mid-cap German companies. The Fund may invest up to 35% of its
assets in large cap German companies, and up to 20% in other
Western European companies. Its shares are listed on the New York
Stock Exchange under the symbol "GF". The Central Europe and Russia
Fund, Inc. is a non-diversified, closed-end investment company
seeking capital appreciation primarily through investment in
Central European and Russian equities. Its shares are listed on the
New York Stock Exchange under the symbol "CEE". These Funds are
non-diversified and can take larger positions in fewer companies,
increasing its overall risk profile. Investments in securities of
foreign issuers present greater risks including currency
fluctuations and changes in political/economic conditions. Foreign
securities markets generally exhibit greater price volatility and
are less liquid than the US markets. Not FDIC insured DATASOURCE:
The Germany; New Germany; Central Europe and Russia Funds CONTACT:
Investors - Pattie Rosch, +1-212-454-2123, Media - Judith Inosanto,
+1-212-454-7304
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