# DWS Investments Hong Kong Limited

> DWS Investments Hong Kong Limited is an SEC-registered investment advisory firm in Hong Kong, China, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 14, 2026.

- CRD: 139666
- Filed as: DWS INVESTMENTS HONG KONG LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hong Kong, China
- Filing period: October 2026
- Form ADV filing dated: September 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/139666
- AdvisorCensus page: https://advisorcensus.com/firm/dws-investments-hong-kong-limited-hong-kong-139666

## Quick answers

**How is DWS Investments Hong Kong Limited compensated?**
On its Form ADV (Item 5.E, October 2026), DWS Investments Hong Kong Limited reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is DWS Investments Hong Kong Limited located?**
DWS Investments Hong Kong Limited's principal office is in Hong Kong, China, according to its Form ADV.

**Is DWS Investments Hong Kong Limited registered with the SEC or a state?**
DWS Investments Hong Kong Limited is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 139666.

**How much does DWS Investments Hong Kong Limited manage?**
DWS Investments Hong Kong Limited reports $5,103,535,600 in regulatory assets under management in its Form ADV filing dated September 14, 2026 (100% discretionary).

**How have DWS Investments Hong Kong Limited's assets and staff changed since 2021?**
In the Form ADV data for DWS Investments Hong Kong Limited: Regulatory assets under management: $9,039,569,192 in the October 2021 data and $5,103,535,600 in the October 2026 data, down 44%. Total employees: 70 in October 2021 and 62 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does DWS Investments Hong Kong Limited serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); insurance companies (2).

**Which custodians does DWS Investments Hong Kong Limited use?**
DWS Investments Hong Kong Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Bank of New York Mellon as a custodian holding 10% or more of its separately managed account assets.

**Does DWS Investments Hong Kong Limited report any disciplinary disclosures?**
Reports 15 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters, 10 questions about regulatory matters, and 4 questions about civil court matters (11.A(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.D(5), 11.E(2), 11.G, 11.H(1)(a), 11.H(1)(b), 11.H(1)(c), 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/139666

**What changed in DWS Investments Hong Kong Limited's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 16 to 17. Regulatory assets under management went from $2,407,874,328 to $5,103,535,600 (+112%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- The Bank of New York Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $5,103,535,600
- Discretionary: $5,103,535,600
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $4,679,992,861 |
| Insurance companies | 2 | $423,542,739 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2006 (20 years)
- Employees: 62 total, 17 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 15 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(1)(a): In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(1)(b): Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/139666

### Websites listed on Form ADV (Item 1.I)
- [dws.com/EN-HK](https://dws.com/EN-HK)
- [dws.com/EN-HK/MICROSITES/DWS-INVEST/PUBLICATIONS](https://dws.com/EN-HK/MICROSITES/DWS-INVEST/PUBLICATIONS)
- [etf.dws.com/EN-HK](https://etf.dws.com/EN-HK)
- Facebook @DWS
- LinkedIn @DWSGROUP
- YouTube @DWSGROUP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $9,039,569,192 | 70 | September 30, 2021 |
| October 2022 | $8,468,762,796 | 71 | August 31, 2022 |
| October 2023 | $6,349,596,370 | 79 | August 9, 2023 |
| October 2024 | $3,453,097,925 | 71 | September 3, 2024 |
| October 2025 | $2,407,874,328 | 66 | July 11, 2025 |
| October 2026 | $5,103,535,600 | 62 | September 14, 2026 |

Regulatory assets under management: $9,039,569,192 in the October 2021 data and $5,103,535,600 in the October 2026 data, down 44%.
Total employees: 70 in October 2021 and 62 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 16 to 17.
- Regulatory assets under management went from $2,407,874,328 to $5,103,535,600 (+112%).

### January 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DWS Investments Hong Kong Limited (CRD 139666): Form ADV filing data as of October 2026.