DWS, Deutsche Bank’s listed fund management business, continued a positive run of net inflows during the final three months of last year, taking total assets to €767bn in a “substantial turnaround” since 2018.

DWS reported net inflows of €13.2bn between October and December, suggesting gathering momentum in its business, up from €2.5bn in January-March, €4.2bn in April-June and €6.2bn in July-September.