Deutsche Bank’s DWS Sees Inflows Slow as War Rattles Markets

DWS Group saw a slowdown in net inflows in the first quarter as volatility sparked by the Iran war rippled across global markets.

Deutsche Bank AG’s asset manager posted net long-term inflows of €6.6 billion ($7.7 billion) in the three months through March, compared with €8 billion in the previous quarter and €11.7 billion a year earlier. The flows were mainly driven by the firm’s lower-margin Xtrackers funds.