Cash Outflows Due to Change in Investor Appetite: DWS CFO

The transcript discusses the unexpected market conditions and the company's strong start to 2021, highlighting a near-record profit and significant asset growth. It emphasizes the importance of understanding net flow composition, with a focus on quality inflows in passive and alternative asset classes. The company aims for a 4% net flow rate and is confident in future growth, driven by product innovation and a focus on sustainability. The strategy includes both organic and inorganic growth, with a keen interest in expanding in Asia, supported by Deutsche Bank.

What was the profit before tax in the first quarter of 2021?

• 300 million

• 249 million

• 150 million

• 200 million

What is the company's target flow rate for net flows?

• Greater than 2%

• Greater than 3%

• Greater than 4%

• Greater than 5%

Which theme is highlighted as a strong focus for attracting inflows?

• Cryptocurrency

• Healthcare

• Sustainability and ESG

• Technology

Which asset class saw a shift in investor appetite in the first quarter?

• Real estate

• Cash

• Bonds

• Commodities

What types of alternative assets are mentioned in the transcript?

• Art and collectibles

• Venture capital and startups

• Infrastructure and real estate

• Cryptocurrency and gold

How does the company plan to maintain its market share in the ETF market?

• By reducing prices

• By increasing marketing spend

• By focusing on product innovation

• By acquiring competitors

Which region is identified as a key area for potential M&A activities?

• South America

• Asia and China

• North America

• Europe