DWS Group Reports Record Net Inflows and Increased Profit in Q3 2024

DWS Group has announced its highest-ever long-term net inflows and a further increase in profit for the third quarter of 2024. The company has recorded significant long-term net inflows of EUR 16.7 billion in Q3, contributing to a total of EUR 18.6 billion for the first nine months, excluding cash and advisory services. Total assets under management reached a record level of EUR 963 billion by the end of September 2024.

The adjusted cost-income ratio improved to 61.7%, while adjusted costs were reduced to EUR 423 million. Revenue growth of 1% to EUR 685 million was primarily driven by higher management fees. Adjusted profit before tax saw a 5% improvement, reaching EUR 262 million, with net income increasing 2% to EUR 166 million.

DWS’s strategy of "Reduce. Value. Growth. Build" continues to drive its performance. Despite challenging conditions, alternatives witnessed reduced outflows, and passive management saw substantial inflows, supported by strong demand for Xtrackers.