Shares in DWS fall 5.3% in early Frankfurt trade after report on U.S. probe

FILE PHOTO: The logo of Deutsche Bank’s asset management unit DWS is pictured at the Frankfurt Stock Exchange, Germany March 23, 2018. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – Shares in DWS fell 5.3% in early Frankfurt trade on Thursday following a news report that U.S. authorities are investigating the fund manager after a former head of sustainability said it overstated how much it used sustainable investing criteria to manage assets.

A spokesperson for DWS declined to comment on the report by The Wall Street Journal.

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