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DWS Group, Deutsche Bank's asset management arm, experienced €1.8B in net inflows and a 64% adjusted cost-income ratio in Q4, despite shares falling.
Shares in Deutsche Bank's DWS Group fell despite reporting higher inflows and a net growth of €75 billion to €896 billion in 2023.
The firm's CEO, Stefan Hoops, has led efforts to revive inflows and cut costs, with shares rallying over 35% since the end of October.
Despite these achievements, the firm still faced a lower pretax profit for the fourth quarter, causing shares to fall.
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DWS Group, el brazo de gestión de activos de Deutsche Bank, experimentó 1.800 millones de euros en entradas netas y una relación coste-ingreso ajustada del 64% en el cuarto trimestre, a pesar de la caída de las acciones.