DWS Group GmbH & Co. KGaA (formerly Deutsche Asset Management), commonly known as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange.[4][5] It is currently headquartered in Frankfurt, Germany and is a constituent member of the MDAX index.[6]
DWS has been fined for failing to develop a mutual fund anti–money laundering program and making wrongful statements about its sustainable investing.
History
DWS was founded in Hamburg in 1956 as "Deutsche Gesellschaft für Wertpapiersparen mbH" (German Association for Security Saving), the name was later shortened to DWS, "Die Wertpapier Spezialisten" (The Security Specialists). Originally, the activities involved products and investment services that were initially offered to investors in Germany and throughout Europe.