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Deutsche Bank’s DWS Group sees shares slump amid SEC probe on ESG claims

By Bérengère Sim
The SEC's examination of DWS comes after The Wall Street Journal reported that the $1tn asset manager overstated its sustainable-investing efforts
The SEC's examination of DWS comes after The Wall Street Journal reported that the $1tn asset manager overstated its sustainable-investing efforts Photo: Getty Images

The share price of Deutsche Bank's asset management arm, DWS Group, sank by more than 10% when markets opened following the news that US authorities are investigating it over sustainability claims.

The Group's share price dropped from €38.96 at 8:03 AM BST to €36.94 by 8:40 AM BST, according to MarketWatch.

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