Finance

Deutsche Asset Management to pay bulk of profit in dividends

It will use its German retail brand to sell its products globally

bloomberg

05.12.2017

Deutsche Bank AG’s investment unit said it plans to pay out most of its earnings to shareholders as it seeks to attract investors to a planned initial public offering next year.

The asset manager will use its German retail brand DWS to sell its products globally and will be renamed to reflect that, the bank said Tuesday. The business expects to achieve annual net inflows of 3% to 5% of assets under management in the medium term, an adjusted cost-income-ratio of less than 65% and a dividend payout ratio of 65% to 75%, according to a statement.