At start of this year Asoka Woehrmann was sitting pretty. DWS Group, had hitched his firm’s wagon to the surge in investor demand for all things ESG.
"Inflation has turned out to be higher and more persistent than we and most other market participants and analysts expected at the start of the year."
The billionaire offloaded another 934,091 shares for $1.05 billion, according to regulatory filings posted late Tuesday.
The ETF designed to bet against Cathie Wood is starting to deliver as a jump in Treasury yields - slams her flagship fund.