DWS profits soar to 'all-time high' in Q3 driven by record high management fees

Net inflows reached €12bn in Q3

DWS reported record high profits in Q3 thanks to its high management fees which allowed the fund manager to achieve strong overall net inflows.

Adjusted profit before tax increased by 10% to an "all-time high" of €271m in the third quarter. Year-to-date, the figure stands at €766m, up 31% year-on-year. Net inflows reached €12bn in the three months to September end, with ESG funds very much in favour, attracting €5bn - an increase of €1bn from the previous quarter. Fidelity pledges 50% reduction in emissions from investment portfolios by 2030 According to DWS, adjusted costs increased by 4% to €393m. For the first three quarters of the year, adjusted costs are now at over €1.5bn, up 10% year-on-year. This has been driven...