FRANKFURT (dpa-AFX Broker) - The shares of DWS paid tribute to their month-long good run on Thursday. The shares of the Deutsche Bank subsidiary fell by 3.6 percent to 39.54 euros.

Previously, they had risen by more than half from their low at the end of October 2023. Since the beginning of the year, they had gained a good 17 percent.

The asset manager's pre-tax profit missed the consensus estimate by two percent, wrote analyst Michael Werner from UBS. The reasons for this were less profitable fees and slightly higher costs.

Although the inflows of funds were higher than expected, the funds had increasingly flowed into passively managed funds.

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