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Wed, July 29, 2026 at 6:03 AM EDT 6 min read

Key Points

• Interested in DWS Group GmbH & Co. KGaA? Here are five stocks we like better.

• DWS reached record assets under management of €1.19 trillion after adding nearly €100 billion in the second quarter. Total net flows accelerated to €24.8 billion, led by private wealth, the Americas and Germany.

• Xtrackers and active investments drove growth, with passive products attracting €11.7 billion and active equity returning to positive flows. Alternatives reported €700 million of outflows, largely reflecting €1.3 billion in capital returned to investors after infrastructure asset realizations.

• Revenue rose 4% year over year to €773 million and net income increased 11% to €237 million, while DWS maintained its 2026 targets for 10%–15% EPS growth, flat costs and a 55%–57% cost-income ratio.

DWS Group GmbH & Co. KGaA (ETR:DWS) reported record assets under management and stronger client flows in the second quarter of 2026 after completing a broad front-office reorganization earlier in the year.

Chief Executive Officer Stefan Hoops said the company gained nearly €100 billion in assets under management during the quarter, reaching a record €1.19 trillion. He characterized the period as a reacceleration following changes to DWS's organizational structure, including the creation of private wealth and institutional client segments, a consolidated investment leadership structure, and a combined strategy and M&A function.

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"Long-term net flows were significantly higher quarter-on-quarter," Hoops said, pointing to improved momentum in active equity, Xtrackers ETFs and infrastructure. He added that the quarter produced DWS's highest level of net new revenues from client inflows since the company began tracking that measure, though DWS does not disclose the amount.

Flows Improve Across Client Segments and Regions

Chief Financial Officer Markus Kobler said total net flows reached €24.8 billion in the second quarter, including €11.6 billion of long-term net flows, representing a significant acceleration from the first quarter.

• Private wealth, formerly reported as retail, generated €18.9 billion of net flows, its strongest quarterly result since DWS's IPO.

• Institutional clients contributed €5.9 billion, supported by selected mandate wins in APAC alternatives and U.S. cash-product flows.

• The Americas recorded €10.8 billion in net flows, Germany contributed €10.5 billion, EMEA excluding Germany added €3.2 billion, and APAC generated €3 billion.