DWS Group's assets under management rose 6% in the first quarter to €704 billion ($789.6 billion), driven by the market recovery and supported by net inflows and the positive impact from exchange-rate movements.
A financial update Friday said AUM increased 4% for the 12-months ended March 31.
Net inflows totaled about €2.5 billion for the three months ended March 31, and net outflows for the quarter ended Dec. 31 were €7 billion.
Active strategies had net outflows of €6.3 billion in the first quarter, while passive strategies saw net inflows of €6.2 billion.
Total revenue in the quarter fell 3% to €534 million.
Net income totaled €102 million for the three months ended March 31, compared with €80 million for the quarter ended Dec. 31.
"In a strong first quarter we successfully returned to positive net flows, managed our costs effectively and saw our asset base increase by 6%," DWS CEO Asoka Woehrmann said in a news release accompanying the update. "Our flagship funds performed well and contributed to our net flows, as did our strategic partnerships."
