The net inflow for Deutsche Bank's asset management arm in Q1 was nearly halved compared to the same period last year.
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Golden Ten Data reported on April 29 that DWS Group, the asset management company under Deutsche Bank, stated that net inflows for the first quarter slowed due to volatility impacting global markets triggered by the Iran war. In the three months ending in March, long-term net inflows amounted to 6.6 billion euros, down from 8 billion euros in the previous quarter and 11.7 billion euros in the same period last year. DWS noted that after a "robust" start to the year, "since the end of February, with a significant deterioration in the geopolitical environment, rising uncertainty and increasing volatility have put pressure on markets, energy prices, and inflation, challenging positive momentum." The 6.6 billion euro inflow is only half the quarterly average needed for DWS to achieve its goal of attracting over 160 billion euros in inflows between 2026 and 2028. The company's assets under management increased 0.7% quarter-on-quarter to 1.09 trillion euros.
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