Passively managed ETFs seek to take advantage of long-term economic, political or social structural changes by identifying the most relevant companies driving a theme from several perspectives, regardless of their more traditional classification.
The product’s underlying indexes select bonds on the basis of a comprehensive set of rules centred on environmental and social standards, as well as good corporate governance.
“The allegations made against DWS and myself in past months have become a burden for the company, as well as for my family and me” Woehrmann said.
Both DWS and Deutsche Bank said the asset manager had been cooperating with the authorities and they would continue to do so. DWS has repeatedly denied the allegations.
The reductions stem from the cost advantages created by high inflows, which are effectively then passed on to investors.