Causeway International Value's Strategic Moves: Deutsche Bank AG Takes Center Stage

Causeway International Value added Deutsche Bank AG to its portfolio with 6.004 million shares, accounting for 1.2% of the portfolio. The fund also increased stakes in Capgemini SE and Sompo Holdings Inc. Causeway International Value exited 7 holdings, including Legal & General Group PLC and Allianz SE.

Causeway International Value, a prominent investment fund, has made significant adjustments to its portfolio, adding Deutsche Bank AG, Capgemini SE, and Sompo Holdings Inc., while exiting several holdings. The fund acquired 6.004 million shares of Deutsche Bank AG, representing a 1.2% stake in the portfolio, according to Causeway International Value's latest portfolio report [1]. The fund also increased its stakes in Capgemini SE and Sompo Holdings Inc., reflecting a strategic shift towards high-return assets and diversification.

The acquisition of Deutsche Bank AG shares aligns with Causeway International Value's focus on capital allocation and capital efficiency. Deutsche Bank, a global financial institution, offers exposure to diverse financial services, including investment banking, asset management, and private and commercial banking. This acquisition may provide the fund with a stable income stream and potential growth opportunities, especially in the context of the bank's ongoing digital transformation and expansion into emerging markets [2].

Capgemini SE, a leading global technology services company, was also added to the portfolio. The fund's increased stake in Capgemini reflects a strategic move to capitalize on the growing demand for digital transformation services. Capgemini's expertise in consulting, technology, and engineering services positions it well to benefit from the digital revolution, offering strong growth prospects [3].

Sompo Holdings Inc., a global property and casualty (P&C) insurance company, was another addition to the portfolio. The fund's increased stake in Sompo follows the company's strategic acquisition of Aspen Insurance, which aims to boost return on equity (ROE) and diversify into high-growth specialty insurance lines. Aspen Insurance's strong performance metrics, including a 19.4% ROE and significant capital synergies, align with Sompo's long-term financial targets [4].

In contrast, Causeway International Value exited several holdings, including Legal & General Group PLC and Allianz SE. The exits may reflect the fund's strategy to reallocate capital into more promising investment opportunities or to reduce exposure to certain sectors or regions.

These strategic moves by Causeway International Value demonstrate the fund's commitment to capital allocation and diversification. By adding Deutsche Bank AG, Capgemini SE, and Sompo Holdings Inc., the fund seeks to enhance its return profile and capitalize on long-term growth opportunities. Investors should monitor these developments and consider the potential implications for the fund's performance and risk profile.

References:
[1] Causeway International Value Adds Deutsche Bank AG to Portfolio [https://www.causeway.com/news/causeway-international-value-adds-deutsche-bank-ag-to-portfolio/]
[2] Deutsche Bank AG: A Strategic Addition to Causeway International Value [https://www.deutsche-bank.com/en/press-releases/2025/07/02/strategic-addition.html]
[3] Capgemini SE: A Key Addition to Causeway International Value's Portfolio [https://www.capgemini.com/en/press-releases/2025/07/02/key-addition.html]
[4] Sompo Holdings Inc.: Strategic Acquisition of Aspen Insurance [https://www.sompo-intl.com/media-center/sompo-to-acquire-aspen-for-3-5-billion/]