Deutsche Bank fund unit doubles down on ETF target amid outflows
Deutsche Bank AG’s investment arm said it won’t walk away from a goal of becoming Europe’s second-biggest ETF provider, after an analysis showed it was among the few in the industry to lose client cash in 2022.
By Steven Arons / Bloomberg
DWS Group, which remains the subject of US and German investigations into alleged greenwashing, saw a decline in its European market share to 10% in 2022 from 10.9% the previous year, according to Jose Garcia-Zarate, an analyst at Morningstar Inc. He links the development to questions around DWS’s handling of its environmental, social and governance investing strategy.
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