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Rheinmetall shares surged to a new all-time high of EUR 1,629 following a buy recommendation from UBS, which raised its price target from EUR 1,600 to EUR 1,840. The DAX index also showed positive momentum, gaining 0.5% and nearing its all-time high, buoyed by expectations of increased armaments spending from the new German government.
Deutsche Bank’s asset management arm, DWS Group, has been fined €25 million ($27 million) by German prosecutors for greenwashing and negligent infringement related to misleading ESG marketing claims. This follows a three-year investigation revealing that DWS's assertions of being an "ESG leader" were not substantiated by its practices. The fine is part of a broader scrutiny of DWS's ESG commitments, which also included a $19 million penalty from the U.S. Securities and Exchange Commission for similar violations.
Stefan Hoops, CEO of DWS Group, is leveraging Deutsche Bank's support to revitalize its struggling private credit initiative by gaining preferred access to loans from the bank. This move follows the closure of DB Investment Partners, which eliminates competition for client funds. Despite these efforts, DWS faces significant challenges, including a recent failed acquisition that would have bolstered its asset base.
DWS Group and Deutsche Bank have established a strategic partnership to enhance private credit investment opportunities for DWS clients. This collaboration grants DWS preferred access to various private credit assets, including asset-based finance and direct lending, leveraging Deutsche Bank's extensive origination capabilities. Patrick Connors will lead DWS's private credit efforts, reporting to CEO Stefan Hoops, emphasizing the importance of origination in alternative asset management.
DWS Group and Deutsche Bank have formed a partnership focused on private credit, allowing the asset manager to gain preferred access to specific deals that are originated by its parent company. This collaboration aims to enhance investment opportunities in the private credit market.
Deutsche Bank has partnered with DWS Group, granting the asset manager first refusal on private credit deals, including asset-based finance and direct lending. Patrick Connors will join DWS as global head of private credit, aiming to enhance the firm's growth strategy amid a competitive landscape. This collaboration reflects a trend among banks to align with asset managers to strengthen their private credit offerings.
Deutsche Bank AG has entered into a private credit partnership with DWS Group, allowing the asset manager preferred access to loans originated by the bank. This agreement will enable DWS to tap into specific asset-based finance, direct lending, and other private credit opportunities.
DWS Group has entered a private credit partnership with Deutsche Bank, granting the asset manager preferred access to loans originated by the bank. Patrick Connors, Deutsche Bank’s European head of credit financing, will join DWS as global head of private credit, overseeing the strategy. This collaboration leads to the winding down of DB Investment Partners, as DWS aims to enhance its private debt business amid a competitive landscape.
Chinese equities are expected to remain volatile as investors await concrete fiscal policies to combat deflation and stimulate corporate earnings. Despite a 15% gain in the CSI 300 Index in 2024, uncertainty persists, with analysts predicting mixed outcomes for 2025 amid geopolitical tensions and potential US tariff hikes. The government's commitment to support the economy is noted, but effective measures are crucial for a sustainable recovery.
Major ETF providers, including BlackRock and Amundi, are competing for a share of the anticipated $5 billion to $10 billion inflow into Indian bonds, following JPMorgan's decision to increase India's weighting in its emerging-markets bond index from 4% to 10% by March. Amundi's global head of ETF, Benoit Sorel, emphasized India's growing significance in emerging-market debt, noting that professional investors are increasingly interested in allocating to this market.
DWS Group GmbH & Co. KGaA
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