DWS Draws €10 Billion as Investors Pile Into Passive Funds (1)

DWS Group, the investment arm of Deutsche Bank AG, reported another quarter of net inflows, mostly driven by demand for its passively managed funds.

Germany’s largest asset manager saw long-term net flows of €10.3 billion ($12 billion) in the three months through September, up from €3.7 billion in the previous quarter, according to a statement on Wednesday. The fresh money came mainly into DWS’s lower-margin Xtrackers funds, while active fixed-income and infrastructure strategies also saw net positive demand.

Meanwhile, active equity, multi-asset and real estate funds all saw net redemptions. Total assets under management rose 4.4% from the ...