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DWS: Deutsche Bank fund subsidiary with billions in profit - Sustainable products in demand

2022-01-27T10:28:06.936Z

DWS: Deutsche Bank fund subsidiary with billions in profit - Sustainable products in demand Created: 01/27/2022 11:13 am The Deutsche Bank subsidiary DWS made a record profit of over one billion euros in 2021. © Arne Dedert/dpa DWS, a subsidiary of Deutsche Bank, made record profits in 2021. Above all, the company wants to further expand the business with sustainable ESG products. Frankfurt –



DWS: Deutsche Bank fund subsidiary with billions in profit - Sustainable products in demand

Created: 01/27/2022 11:13 am

The Deutsche Bank subsidiary DWS made a record profit of over one billion euros in 2021.

© Arne Dedert/dpa

DWS, a subsidiary of Deutsche Bank, made record profits in 2021.

Above all, the company wants to further expand the business with sustainable ESG products.

Frankfurt – Deutsche Bank subsidiary DWS made record profits of over one billion euros last year.

The fund company*, which is listed in the SDax, increased its adjusted pre-tax profit by 43 percent to 1.14 billion euros.

DWS: Sustainable ESG products particularly in demand

As DWS announced on Thursday, the development was driven by an increase in income of 22 percent to 2.72 billion euros.

The main contributor to the result was higher management fees due to record net inflows.

Sustainable ESG products were particularly in demand, accounting for 40 percent of the total net inflow of 47.7 billion euros.

ESG stands for Environmental, Social and Governance and includes environmental criteria, social aspects and criteria for good and fair corporate governance.

DWS intends to continue growing in the ESG area in the future.

DWS: Higher dividend planned

This year, in a challenging market environment, the company is preparing for the fact that the performance and transaction fees, which have recently risen sharply as a result of the stock market boom, will "normalize".

Almost two weeks ago, the Frankfurt fund company had already published the preliminary figures for the fourth quarter, in which unexpectedly high fee income was achieved due to the stock market boom.

The company promised a ten percent higher dividend for 2021.

The company is approximately 80 percent owned by Deutsche Bank*, which on Thursday reported a net profit for 2021 for the second straight year.

(rtr)

*fr.de is an offer from IPPEN.MEDIA.

Source: merkur

All news articles on 2022-01-27

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