Report
Steven Gould

DWS : The cost-income battle not won

>The twist of the business-mix could stabilise margins - Q2 2019 was marked by net inflows of € 4.1bn but just € 0.5bn excl. cash. Stripping out cash, the pattern remains the same as in Q1: the engines driving inflows (passive and alternative) offset the outflows for equity, fixed income and quantitative activities. Thus, equity and SQI management have now each posted 10 successive quarters of outflows and with 7 for fixed-income activities. Lastly, DWS seems to be ta...
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.

Analysts
Steven Gould

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