Deutsche Bank's DWS Reports Inflows; Assets Climb to Record High [BNN Bloomberg (Canada)]
ABRDN PLC UNSP ADR (SLFPY)
NASDAQ:AMEX Investor Relations:
standardlife.com/dotcom/investor-information/financial-results.page
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Source: BNN Bloomberg
Assets under management at the Frankfurt-based firm grew by €45 billion ($48 billion) in the three months through March to €941 billion, marking a rise from €841 billion at the end of the same period last year, according to a filing on Thursday. DWS is among a handful of asset managers including Abrdn Plc reporting inflows in the first quarter even as the broader industry battles general woes and outflows. The shares of the German company have rallied almost 18% this year amid efforts by Chief Executive Officer Stefan Hoops to boost client inflows and cut costs. “While DWS has understandably been called a ‘show-me' story, our new all-time high in assets under management and strict cost discipline show the steady progress we have been making in implementing our strategy,” Hoops said in the statement. In January, DWS said it would return €800 million to shareholders after a self-imposed deadline to make an acquisition expired after it found no suitable target. Away from passive
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SLFPY
Sec Filings
- 5/9/24 - Form 13F-HR
- 4/26/24 - Form D
- SLFPY's page on the SEC website