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DWS : Changement de niveau et de rythme sur les coûts

>Inflexion sur les coûts - C’est une évolution positive majeure :Le Cost/Income baisse à 69.2% avec des coûts inférieurs de 5.8% aux attentes.Le Cost/Income S1 2018 était proche de 75% vs 60%-65% pour la concurrence et 50.5% pour Amundi.La baisse de coûts suggérée lors de l’IPO n’était que de -1% selon nos estimations, étalée sur plusieurs années. L’objectif de Cost / Income inférieur à 65% reposait donc surtout sur la collecte (3% à 5% / an) et des eff...
Underlying
DWS Group GmbH & Co. KGaA

DWS Group GmbH & Co KgaA is a Germany-based company that provides integrated investment solutions. The Company offers active, passive and alternative investments across a wide range of asset classes, including Hedge Funds, Sustainable Investments, Private Equity, Liquid Real Assets, Real Estate, Equities and Fixed Income. It invests primarily in the areas of environmental, social and governance. The Company's clients include corporations, central banks, insurers, pension funds, public institutions, financial institution, not-for-profit organizations, as well as private investors. The Company is active in around 22 countries in Europe. Deutsche Bank AG is a majority shareholder of the Company.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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