The New Germany Fund, Inc. (GF)
The New Germany Fund, Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in Frankfurt Am Main, NY, DE. The stock last traded at $11.61, up 0.40% on the session, giving a market capitalisation of $188.0M. On trailing twelve-month figures it carries a trailing P/E of 3.38, a net margin of 428.9%. Its beta of 0.98 implies it has historically moved less than the broad market.
The New Germany Fund Inc. functions as a closed-ended equity investment vehicle, originally established by Deutsche Investment Management Americas Inc. and currently overseen by Deutsche Asset Management International GmbH. Its primary objective is to allocate capital within the public stock markets of Germany, seeking out opportunities in shares of companies operating across a diverse range of industries. The fund predominantly focuses its investments on small and mid-capitalization (SMC) firms. To assess its portfolio's returns, the fund utilizes the Midcap Market Performance Index as its benchmark. This fund was founded on January 16, 1990, and is legally registered in Germany.
The New Germany Fund, Inc. is most often compared with the following Financial Services names: