Dreman Value Management will no longer sub-advise the DWS Dreman High Return Equity Fund, effective on or about June 1, according to an SEC filing. Deutsche Investment Management Americas will take over advisory duties for the fund, which will then be renamed DWS Strategic Value Fund.

Dreman has sub-advised the High Return Equity Fund since its inception in 1988.

Dreman also sub-advises other DWS funds, including DWS Dreman Concentrated Value, DWS Dreman Mid Cap Value and DWS Dreman Small Cap Value. It also sub-advises the AFBA 5Star Mid Cap Value Fund and American Beacon Small Cap Value Fund.  

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