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Updated · Bloomberg · Jul 29DWS Draws €11.6 Billion in Q2, Lifting Assets to Record €1.2 Trillion
1 articles · Updated · Bloomberg · Jul 29Summary
- DWS booked €11.6 billion of long-term net inflows in the three months through June, up from €6.6 billion in the prior quarter.
- Those inflows, combined with a buoyant stock market, pushed assets under management to a record €1.2 trillion in the second quarter.
- Xtrackers funds drove most of the new money, indicating the quarter's growth was led mainly by DWS's lower-margin products.
- The results give Deutsche Bank's asset-management arm stronger scale, though the mix of inflows may temper the revenue benefit.
Insights
Can DWS translate its €1.2 trillion record AUM into actual profit growth, or will low-margin ETFs erode its bottom line? Will DWS's aggressive fee cuts and reliance on passive Xtrackers trigger a race to the bottom for European asset managers?