The biggest U.S. asset managers are going head-to-head to win apiece of a $1.5 trillion corporate cash comeback.

That's the sum companies are expected to bring onshore under theU.S. tax overhaul passed last year, accordingto Invesco estimates. About $400 billion has already beenrepatriated, according to the firm.

Overseas, at least one major asset manager is losing out as aresult of the changes. Cisco Systems Inc. yanked 5 billion euros($5.7 billion) from Deutsche Bank AG's asset management arm, DWSGroup, in recent quarters as it repatriated profits. The lossamounted to 40 percent of Deutsche Bank's outflows in the firsthalf of the year.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.