DWS : Q3 2021 with ongoing positive momentum in net flows
>Q3 2021 net profit came to € 182m vs € 177m consensus - DWS reported a strong set of Q3 2021 results. Reported net profit came to € 182.2m and was thus ahead of the € 177m consensus and our estimate of € 169.4m. The result was driven by strong net flows (predominantly into Passive and Alternative asset classes) and rising assets under management. The quarterly cost-income ratio improved by 0.8%-p y-o-y to 61.1%. Management pointed to a good start to Q4 2021....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.
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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